Medinah Minerals (MDMN)

[Hurricane_Rick]

JJ is not involved in this company anymore, aside from the shares he still holds...but that is a personal stake. From a corporate standpoint he is not involved in any capacity.

Medinah doesn't pay any bills in Chile, at least none related to the ADL - those have been assumed by Auryn who is now the 100% owner of the claims.

MDMN now is nothing more than a holding company with its assets being their 25% equity ownership in Auryn, their shares in CDCH, and their 15% equity ownership in NUOCO.

The only bills that MDMN should be incurring would be related to maintaining its standing as a pink sheet current company on the OTC (i.e. filings, accounting, etc.) and maintaining its standing as a public Nevada corporation. These expenses should be relatively minimal, but they are necessary expenses for a public company nonetheless. Medinah also offers the directors 2 or 3 million shares per year as part of its corporate by-laws - I forget the exact amount.

Also Medinah will incur expenses to hold the AGM later this year. Other than those expenses, MDMN's expenses are minimal. Though there will be reimbursement to Greg Chapin for supporting the company the last few years out of his own pocket.