FINANCING (May 30, 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 — gross proceeds rec $195,300.

Cons Goldwest — 450,000 offered @ 40 cents per unit.

Harrisburg-Dayton — 450,000 sold for gross $202,500.

Oberg — 750,000 shs offered @ min 40 cents per unit.

Carlsbad Ventures — 600,000 sold for gross $270,000.

Rhino — 500,000 offered @ 50 cents per sh. North American Ventures — gross proceeds rec $165,000.

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