FINANCING (May 23, 1988)

ONTARIO

Grand Empire — final rec iss offer 1,200,000 @ $1.20 per sh.

Harrington Sound — final rec iss offer 700,000 @ $1.60 per sh to net $560,000. Released from Escrow

Ateba — 100,000 shs released. VANCOUVER

Beltec — gross proceeds rec $210,000.

Optima — gross proceeds rec $425,650.68.

Springfield — 600,000 shs offered @ 53 cents per unit. Min subscr 600,000 units.

Moche — 550,000 sold for gross $220,000.

Tobex — gross proceeds rec $460,000.

Goldrite — 800,000 offered @ 60 cents per sh.

NDU — gross proceeds rec $460,000.

Red Fox — 700,000 offered @ 35 cents per sh. Min subscr 550,000.

North American Ventures — gross proceeds rec $165,000.