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Warrant Symbol - IRL.WT.A
Number  Trading - 2,500,000
Expiration Date - December 15 1996
Cusip - 455910 11 7

Warrants called to trade news:
 
1995-12-14 16:57 MT - SMF Date Price Fixed
 
Effective date:  December 14 1995
Offering date:  December 15 1995
Expiry date:  June 11 1996
Agent:  Yorkton Securities
Offering:  5,000,000 units, consisting of one share and one-half of one series A warrant
Price:  $1.60
Wt exercise price:  $1.90
Warrant term:  One series A warrant to purchase one share one year from offering date
Agents warrants:  For 1,000,000 shares
Agents commission:  7%
Greenshoe:  15% at $1.60 to February 13 1996
 
Wt trading symbol:  IRL.WT.A
Transfer agent:  Montreal Trust
Wt security No:  895675
Wt Cusip No:  455910 11 7


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