FINANCING (July 24, 1989)

Vera Cruz Minerals — min 500,000 offered @ 50 cents per sh.

British Lion Mines — gross proceeds rec $245,000.

Cons Heron — 600,000 shs sold for gross $240,000.

Pulse Res — opt exerc on 105,000 @ 50 cents per sh.

Vera Cruz Minerals — gross proceeds rec $250,000.

Cdn Eagle Expls — gross proceeds rec $375,000.

Cannelle Expl — gross proceeds rec $218,750.

First Manhattan Res — gross proceeds rec $233,100.

Scorpion Res Ltd — 4,000,000 sold for gross $1,440,000.

Bu-Max Gold Corp. — gross proceeds rec $245,000.

Grand American Minerals — min 575,000 offered @ 40 cents per sh.

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