InvestorsHub Logo
Followers 997
Posts 71548
Boards Moderated 2
Alias Born 12/08/2010

Re: None

Wednesday, 08/06/2014 10:57:25 PM

Wednesday, August 06, 2014 10:57:25 PM

Post# of 80983
MDMN NEWS~
Medinah Minerals, Inc.
Shareholder Update
Stock Issuance Share Cap Agreement
August 7, 2014


Dear Medinah Shareholders:

The number of Authorized Common Shares of the Company is currently 3 billion, as approved by the shareholder body. The Board of Directors has agreed to restrict all remaining share issuances to a maximum total of 1.5 billion, fully diluted, of the 3 billion authorized, that can be issued and outstanding during the entire 36-month Joint Venture Option Agreement period with AURYN Mining Chile SpA. Presently, Medinah Minerals, Inc., has 957 million shares issued and outstanding. After conversion of all current/outstanding Mining Claims Consolidation Purchases, and Preferred Share Redemptions for Debt Resolution of the Company obligations, the total shares issuance will be approximately 1.35 billion. As a result of this Share Cap Agreement, during the 3-year Option Agreement period, Medinah Minerals, Inc. can, only if necessary, issue a total of 165 million shares from the Treasury.

The completed Joint Venture Option Agreement does not require the issuance of any MDMN Treasury shares to AURYN Mining Chile, SpA, as a contractual condition of the final Joint Venture Option Agreement. AURYN Mining Chile SpA board members have provided Medinah Minerals, Inc., with their written intent to purchase MDMN open market shares.

Pursuant to the contract, Medinah Minerals, Inc.’s. subsidiary, Medinah Mining Chile, will retain a 15% equity interest in the Altos de Lipangue Joint Venture project.

Medinah Minerals, Inc.’s, 100% owned subsidiary, Medinah Mining Chile, maintains, in good standing, all of its other ownership percentages in various mining properties throughout Chile. These include percentage holdings in the Compañia Minera LDM Chile, Compañia Minera NUOCO, Compañia Minera Jota, Compañia Minera Polo, and Compañia Minera Madre de Dios.
http://www.medinah-minerals.com/shareholder.html

Shareholder Update
Medinah Mining Chile Announces Completion of the Notarized Final Joint Venture Option Agreement with AURYN Mining Chile
July 31, 2014 6:30 p.m. Eastern Daylight Time


Dear Medinah Shareholders:

LAS VEGAS­(BUSINESS WIRE)­On Thursday July 31, 2014, Medinah Minerals, Inc., (Pink Sheets: MDMN) announced that its 100% owned Chilean subsidiary, Medinah Mining Chile, and AURYN Mining Chile, SPA have completed documentation of all matters as delineated in our June 27, 2014 publication. The parties today signed, before Notario Patricio Raby B., the finalized Joint Venture Option Agreement in the city of Santiago, Chile with regard to the Altos de Lipangue group of claims.

The final Joint Venture Option Agreement grants AURYN Mining Chile, SPA an exclusive 36 month option to purchase 85% of the Altos de Lipangue group of claims for a minimum price of US $100,000,000, in an all cash transaction, upon the final exercise of the Joint Venture Option Purchase Agreement. Medinah Mining Chile will retain a 15% ownership/equity interest in the properties.

The finalized Agreement obligates AURYN Mining Chile, SPA to immediately initiate its first phase drilling and exploration program with a US 10,000,000 budget that must be submitted to Medinah Mining Chile and Medinah Minerals, Inc. no later than August 15, 2014. All drilling and exploration costs will be borne solely by AURYN Mining Chile. AURYN Mining Chile does not earn any equity in the Altos de Lipangue properties for their expenditures in the drilling and exploration program. Results of drilling and exploration activities will be reported periodically to Medinah Mining Chile.

The Finalized Joint Venture Option Agreement provides Medinah Mining Chile with a unique opportunity to attain a completed NI 43­101 report. The drilling and exploration program will highlight and further delineate the previous geological work completed by ACA Howe, and will commence no later than August 31, 2014.

With the formal signing of the Joint Venture Option Agreement, Medinah Minerals, Inc. (MDMN) has agreed to a restrictive issuance cap of 1.5 Billion, fully­diluted, common shares during the entire 36 month Option Agreement period with AURYN Mining Chile.

This release was jointly approved by the parties to the Final Joint Venture Option Agreement.

Further specific details as to the planned project development activities will become available at www.medinah­minerals.com.



Shareholder Update
Copper Ore Assay Results – LDM/NUOCO
July 23, 2014


Dear Medinah Minerals, Inc. Shareholders:

Attached is a geologist’s assay of copper ore from the LDM/NUOCO mine. This ore is being shipped to the San Pedro Til Til plant for processing.

http://www.medinah-minerals.com/shareholder.html


Shareholder Update
July 21, 2014

Dear Medinah Minerals, Inc. Shareholders:


AURYN Mining Chile has completed their incorporation, financial matters, legal issues, and their due diligence in order to finalize the Mining Option Agreement concerning the Altos de Lipangue group of claims in Chile. AURYN has requested that company representatives travel to Santiago, Chile in order to formally sign and notarize the final Agreements between AURYN Mining Chile, Medinah Mining Chile and Medinah Minerals, Inc. USA.

Medinah Minerals, Inc. Board Member and Medinah Mining Chile Trustee will travel to Chile over the week of July 30 to August 5, 2014 to finalize corporate business matters concerning the Altos de Lipangue transaction.

Board of Directors

http://www.medinah-minerals.com/shareholder.html