FINANCING (December 11, 1989)

Vista Res Co — 700,000 offered @ 35 cents per sh.

Desert Gold — 600,000 offered @ 45 cents per sh.

Mercantile Gold — opt exerc on 122,400 @ 55 cents per sh.

Foresthill Res — 500,000 offered @ 50 cents per sh.

Title Technologies — opt exerc on 250,000 @ 60 cents per sh.

Golden Peaks — 250,000 flow-through and 375,000 non flow-through offered @ 35 cents per sh. Min subscr 625,000.

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