NO HEADLINE (July 16, 1990)

TEXT:

N.11

FINANCING VANCOUVER Pacific Northern Ventures — gross proceeds rec $240,000.

Blue Gold Res — 800,000 offered @ 40 cents per unit.

Hyder Gold — 600,000 offered @ $1.17 per unit.

Auriga Res — 700,000 offered @ 35 cents per sh.

Fortune Bay — 800,000 offered @ 50 cents per unit. Min subscr 500,000

units.

Westward Expls — rt exerc on 150,000 @ 45 cents per sh.

Andria Res — rt exerc on 150,000 @ 40 cents per sh.

Highwater Res — 550,000 offered @ 45 cents per sh.

Krigold Res — 650,000 offered @ 40 cents per unit.

Dellaterra Res — gross proceeds rec $38,156.25.

Estall Mining — 500,000 offered @ 82 cents per sh.

Eurus Res — 1,250,000 offered @ $3.30 per unit.

Island-Arc Res — gross proceeds rec $330,000.

Gemstar Res — min 450,000 offered @ 30 cents per com sh & min 300,000

offered @ 35 cents per flow-through sh.

Kendra Gold — 375,000 shs & 375,000 flow- through com sh offered @ 40

cents per sh.

Rinsey Mines — 650,000 offered @ 45 cents per sh.