FINANCING (October 31, 1988)

ONTARIO

Eagle Egy — final rec iss offer max 13,000,000 & min 10,000,000 @ $1 per sh to net max $12,090,000 & min $9,300,000. VANCOUVER

Eros Res — 400,000 sold for gross $160,000. Gulderand Mng — gross proceeds rec $300,000. Moneywise Res — min 375,000 offered @ 35 per sh.

St. Philips Res — opt exerc on 168,750 @ 40 per sh.