FINANCING (July 22, 1991)

Southern Alberta Mining Company Ltd. — 2,000,000 shs offered @ 10 cents per sh. Tecnecon Gold Industries Inc. — 1,600,000 shs offered @ 10 cents per sh. Bradsue Resources Ltd. — 600,000 units consisting of 1 sh and 2 series “A” sh purch wts offered @ 40 cents per unit. Cameco Corporation — 9,600,000 shs offered @ $12.50 per sh. Viceroy Resources Corporation — 2,000,000 units consisting of 1 sh and 1/2 sh purch wt offered @ $4.00 per unit. Castlewood Metals and Explorations Ltd. — 850,000 units consisting of 1 sh and 1 wt to purch 1 sh offered @ $1.25 per unit.

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