FINANCING (September 14, 1992)

Cons. Texas Northern Min. Ltd. – 600,000 shs @ 25 cents per sh. Navarre Res. Corp. – 1,400,000 units with a minimum subs. of 1,000,000 units where each unit consists of 1 sh and 1 Series A Sh Purchase Wt @ price to be announced.

Gold Ridge Res. Inc. – 500,000 shs with a minimum subs. of 410,457 shs @ a price to be announced and fixed at not more than 10% below average market value. If the minimum subs. is not obtained the offering shall terminate.