October 23, 1996
Toucan Gold Corporation
Xxxxxxx Xxxxx
0xx Xxxxx
00 Xxxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxx
X0X 0XX
Attention: Xxxxxx Xxxxxxxx
President and Chief Executive Officer
Dear Sirs:
Amending Agreement
Reference is made to our agreement of October 17, 1996 wherein
Toucan Gold Corporation (the "Company") appointed Yorkton Securities Inc. (the
"Agent") as exclusive agent for and on behalf of the company to sell, on a best
efforts basis, up to 1,200,000 Units (as defined therein) to raise proceeds of
up to US $3 million.
By signing below, the Company agrees to amend the agency
agreement of October 17, 1996 to provide that the reference to 1,200,000 units
shall be read as a reference to 1,600,000 units and the reference to proceeds of
up to US $3 million shall be read as a reference to proceeds of up to US $4
million. In all other respects, the agreement remains unchanged.
This amending agreement may be executed in counterparts which,
taken together, shall constitute one and the same agreement.
Doc #: 130862.1
If this amending letter is acceptable and agreed to by the
Company, please execute this letter where indicated below and return a copy
thereof to Yorkton Securities Inc. (attention:
Xxxxx Xxxxxx).
Yours very truly,
YORKTON SECURITIES INC.
Per:/s/ Xxxxx X. Xxxxxx
--------------------------
Authorized Signing Officer
The foregoing is accepted and agreed to this day of October, 24th, 1996.
TOUCAN GOLD CORPORATION
Per:/s/ Xxxxxx X. Xxxxxxxx
--------------------------
Authorized Signing Officer
/s/ L. Xxxxx Xxxxxx
--------------------------
Authorized Signing Officer
Doc #: 130862.1
