FINANCING (May 01, 1989)

Posted By: Northern Miner Staff May 1, 1989

Chieftain Int’l — final rec iss offer 8,250,000 @ $13.50(US) to net $107,476,875(US). VANCOUVER

Bunker Hill Mng — opt exerc on 700,000 @ $3 per sh.

Jacqueline Gold Corp — opt exerc on 100,000 @ 45 cents per sh.

Norgold Res — opt exerc on 225,000 @ 60 cents per sh.

Sidon Int’l Res — 450,000 sold for gross $202,500.

Stoney Creek Mns — 650,000 sold for gross $227,500.

Suntac Minerals — 1,350,000 sold for gross $1,134,000.

Rossal Res Ltd — 550,000 sold for gross $330,000.

Tuco Egy Corp — gross proceeds rec $350,000.

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

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