FINANCING (March 09, 1992)

Axagon Resources Ltd – 300,000 units consisting of 1 sh and 1 wt offered @ $1.40 per unit.

GHZ Resource Corp – 600,000 shs offered @ 20 cents per sh. Aquila Resources Ltd – 1,000,000 shs offered @ 35 cents per sh. Hong Kong Gold Corp – 750,000 shs offered @ 35 cents per sh. Inca Gold Ltd – 800,000 shs offered @ 35 cents per sh.

Keywest Resources Ltd – 500,000 shs offered @ $1.10 per sh.

Jopec Resources Ltd – 900,000 shs offered @ 50 cents per sh. Challenger Minerals – 550,000 shs offered @ 45 cents per sh.