FINANCING (October 16, 1989)

Cochise Res — final reciss offer 1,800,000 @ $2.25 per sh to net $2,449,800.

VANCOUVER

Braemount Res — gross proceeds rec $500,000

Canadian Patricia Expl — gross proceeds rec $360,000

Gracey Res — 700,000 sold for gross $287,000

Kenrich Mining — gross proceeds rec $250,000

Southern Cross Gold — 700,000 sold for gross $266,000

Sunport Metals — 1,000,000 sold for gross $500,000

Yukon Spirit Mines — 500,000 offered @ 55 cents per sh

Brightwork Res — 600,000 offered @ 55 cents per sh

American Fibre — gross proceeds rec $1,068,000

Braemount Res — opt exerc on 125,000 @ $1 per sh

Esmeralda Expl — 800,000 offered @ 40 cents per sh

Lorica Res — gross proceeds rec $222,250

Bellex Mining — 300,000 offered @ 45 cents per com sh & 200,000 offered @ 50 cents per flow- through sh. Min subscr 500,000

Calvada Res — 1,250,000 shs sold for gross $1,137,500

Clipper Minerals — min subscr of 750,000 offered @ 35 cents per sh

Topper Gold — gross proceeds rec $208,213.75

Graham Gold — min 700,000 offered @ 33 cents per sh

Adrian Res — gross proceeds rec $2,772,000

Magenta — 1,500,000 sold for gross $600,000

Maple Res — 1,000,000 sold for gross $1,080,000

Ravenrock Res — 1,500,000 sold for gross $600,000

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