FINANCING (July 23, 1990)

VANCOUVER Crimsonstar Res — 1,000 offered @ 57 cents per sh.

Yellow Band — 900,000 offered @ 45 cents per unit.

Clifton Star — gross proceeds rec $1,645,503.50.

Cons Kyle — 850,000 offered @ 40 cents per sh.

Springer Res — 1,300,000 offered @ 46 cents per unit.

Vinta Expls — 1,400,000 offered @ 65 cents per unit.

Cons Heron — opt exerc on 200,000 @ 40 cents per sh.

Fortune Bay Res — gross proceeds $258,750.

Jazzman Res — 800,000 offered @ 44 cents per unit.

Sierra Nevada Gold — 600,000 offered @ 50 cents per unit.

Stow Res — 500,000 offered @ 96 cents per unit.