FINANCING (July 25, 1988)

ONTARIO Released From Escrow

Red Lake Buffalo — 475,000 shs released. VANCOUVER

Etruscan — 250,000 offered @ 68 cents per sh.

Int’l Baron — gross proceeds rec $487,000.

Dual — 400,000 offered @ min $1.25 per sh.

Highgrade — gross proceeds rec $122,500

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