FINANCING (July 04, 1988)

ONTARIO

Fire River Gold — final rec iss offer 1,000,000 @ $1.25 per sh to net $625,000. VANCOUVER

Cheryl — 500,000 sold for gross $1,350,000.

Alberta Natural Gas — gross proceeds rec $35,078,507.

El Condor — 500,000 sold for gross $200,000.

Glider — opt exerc on 125,000 @ 55 cents per sh.

Golden Adit — 450,000 sold for gross $225,000.

Volcano — 800,000 offered @ 36 cents per sh.

MDE Expls — min 500,000 offered @ 40 cents per sh.

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