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Warrant Symbol - RYR.WT.C
Number Trading - 1,000,000
Expiration Date - August 1 1996
Cusip - 76667E 11 1

Warrants called to trade news:
1996-04-30 16:39 MT - SMF Date Price Fixed
The company's SMF dated April 29 1996 has been filed with and accepted by the BCSC and the VSE.
Effective date: April 30 1996
Offering date: May 1 1996
Expiry date: August 1 1996
Offering: 1,000,000 units. Each unit consisting of one share and one series C warrants.
Unit price: $0.45
Wt exercise price: $0.45 up to May 1 1997; $0.51 up to May 1 1998
Wt term: One series C warrant to purchase one share for two years
Agent: Canaccord Capital
Agents' Wt: For 250,000 shares
Agent's Wt exercise price: $0.45 up to May 1 1997; $0.51 up to May 1 1998
Agents' commission: 7 1/2%
Greenshoe option: Up to 15% at $0.45 to July 2 1996
Transfer agent: Montreal Trust Company
Wt trading symbol: RYR.WT.C
Wt security No: 911165
Wt Cusip No: 76667E 11 1
Unit security No: 868739

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