FINANCING (September 04, 1995)

Abacan Res. — 5,527,000 shs issuable upon the exercise of 5,527,000 special wts @ $2.50 per special wt.

Archer Res. — 3,478,124 shs @ $5.00 per sh.

Cochise Res. — 250,000 Class B Preferance Shares @ $1.60 per sh.

Gibraltar Mines — 10,000,000 shs @ $7.375 per sh.

Newscope Res. — 1,228,285 shs issuable upon the exercise of special wts @ US$2.35 per special wt.

Summit Res. — 2,500,000 shs @ $15.375 per sh.

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