FINANCING (January 23, 1989)

Espirt Res Ltd — 3,000,000 offered @ $1 per flowthrough sh & 3,750,000 offered @ 80 cents per unit to gross $2,737,500. VANCOUVER Pacific Rim Mng —

gross proceeds rec $260,000.

Silver Spur Res — gross proceeds rec $210,000.

Antilles Res Ltd — gross proceeds rec $400,000.

PBX Res Ltd — gross proceeds rec $203,500.

Silver Drake Res Ltd — min 600,000 @ 35 cents per sh. Strike Egy Inc — gross proceeds rec $1,100,000.

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