FINANCING (December 23, 1991)

Minerva Gold Mines Ltd – 1,000,000 shs offered @ 50 cents per sh.

September Resources Ltd – 625,000 shs offered @ 37.5 cents per sh. Canadian Imperial Mines Inc – 600,000 shs offered @ 40 cents per sh, also 200,000 flow-through shs offered @ 40 cents per sh.

Timmax Resource Corp – 700,000 shs offered @ 45 cents per sh. American Barrick Resources Corp – 4,000,000 shs offered @ $28.25 per sh. LAC Minerals Ltd – 11,000,000 shs offered @ $9.625 per sh.