Canadian Stock Warrant Information -

Warrant Symbol - GWR.WT.B
Number Trading - 2,000,000
Expiration Date - February 26 1997
Cusip - 38157K 12 2
Warrants called to trade news:

1996-02-23 15:23 MT - SMF Date Price Fixed

Effective date: January 12 1996

Offering date: February 26 1996

Expiry date: July 10 1996

Agents: Canaccord Capital as to 750,000 units; McDermid St. Lawrence Chisholm as to 250,000 units

Offering: 1,000,000 units; each unit consisting of one share and two series B warrants

Price: $0.58

Wt exercise price: $0.58 to February 26 1997

Warrant term: two series B warrants to purchase one share for one year

Agents warrants: 250,000 warrants exercisable at $0.58 to February 26 1997

Agents commission: 7.5%

Secondary offering: 400,000 shares previously issued to shareholders as well as an additional 400,000 shares which may be acquired by the exercise of warrants. None of the proceeds of this offering will accrue to the company.

Transfer agent: Montreal Trust

Wt symbol: GWR.WT.B

Wt security No: 892595

Wt Cusip No: 38157K 12 2

Unit security No: 854295

1995-04-24 16:29 MT - SMF Date Price Fixed

Effective date: October 28 1994

Expiry date: April 26 1995

Offering date: April 25 1995

Offering: 1,000,000 units, each unit consisting of one share and two series A share purchase warrants.

Price: $0.41 per unit

Wt to buy one share: Two

Wt exercise price: Two series A warrants and $0.41 to purchase one share to April 25 1996.

Wt expiry date: One year from offering date.

Agents: Canaccord Capital (500,000 units); McDermid St Lawrence Chisholm (500,000 units)

Agents' Wt: For 250,000 shares

Wt exercise price: One warrant to purchase one share at $0.41 to April 25 1996.

Wt expiry date: One year from offering date

Commission: 7.5%

Transfer agent: Montreal Trust Company of Canada

Wt symbol: GWR.WT.A

Wt Security No: 892594

Wt Cusip No: 38157K 11 4

Unit security No: 854292