FINANCING (July 06, 1992)

International Brace Res Inc. – 900,000 units consisting of 1 sh and 2 wts offered @ 54 cents per unit.

DRT Res. Ltd. – 1,000,000 shs offered @ 16 cents per sh. Swannell Minerals Corp. – 2,250,000 shs offered @ 40 cents per sh. Vananda Gold Ltd – 300,000 shs offered @ 75 cents per sh.

Waseco Res Inc. – 675,000 shs offered @ 42 cents per sh.