FINANCING (November 21, 1988)

ONTARIO

GBX Res Corp. — min 600,000 offered @ 35 per sh.

Mercantile Gold Corp. — 500,000 sold for gross $250,000.

Silver Lady Res Inc. — 300,000 offered @ 35 per sh. Min subscr 200,000 flow-through shs.

Vikon Int’l Res Inc. — 450,000 sold for gross $157,500.

Brooks Res Ltd. — 900,000 offered @ 35 per sh.

Ballatar Expls Ltd. — opt exerc on 162,500 @ 60 per sh.


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