FINANCING (December 18, 1989)

Varitech Res — min 450,000 offered @ 55 cents per sh.

Golden Peaks — gross proceeds rec $218,750.

Gold Summit — min 800,000 offered @ 35 cents per sh.

Stryker Res — gross proceeds rec $309,929.10.

St. Jude Res — 500,000 offered @ 50 cents per Cl A com sh.

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