Medinah Minerals (MDMN)

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Volcan Mining and Medinah in Peru news

http://proactivo.com.pe/minera-volcan-con-interes-en-proyecto-de-cobre-en-chile/

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The U.S. explorer Medinah Minerals reported that its Chilean subsidiary, Medinah Mining Chile, signed a framework agreement with Peruvian copper project partners regarding the Altos de Lipangue in central Chile. This framework agreement provides for the sale of 85% of the concessions Altos de Lipangue for a minimum price of U.S. $ 100 million. While Chile Medinah Mining will retain a 15% stake.

Constitution also representatives of Medinah Minerals Chile constitute a subsidiary called Auryn Holdings Corporation, which will consist of members of the board of Minera Volcan. Indicates that Jose Roberto de Romana Letts-linked to Volcan and current director of Medinah Minerals, will be the president, general manager and director of Auryn Holdings. Irene Letts Colmenares Romagna (current member of Volcan), will assume the post of chairman of the board of Auryn. The report indicates that the American explorer Auryn Holdings Corporation will be installed in the next 30 days.

KEYS

Features. Altos de Lipangue is a Chilean copper project with silver and gold mineralization.

Location. The project is a set of 21 mining areas northeast of Santiago, with an area of ??4,092 hectares.