Medinah Minerals (MDMN)

[Hurricane_Rick]

It's obvious that it is not non-dilutable in that Auryn can require Medinah to sell enough of our Auryn shares to pay off the $2,000,000 loan.

This is patently incorrect. The terms of the loan state that the $2 million is not payable until December 31, 2021...and that's at 0% interest.

You're making up hypotheticals that simply do not exist. I've said it over and over again, and maybe it just won't sink in to some people - Auryn could've buried MDMN 20 ways to Sunday and could've done so months/years ago. MDMN technically breached their contract thanks to the misdeeds of Price. They got screwed by Price and JJ as well, but Maurizio did the honorable thing by offering MDMN shareholders a lifeline rather than cement shoes. Remember, he and other Auryn/MASGLAS insiders are owners in MDMN as well. When they gain, we gain. When Auryn does well, MDMN does well. You don't trust Auryn and that's your prerogative. I have a different perspective and Auryn. Kevin forged a relationship of trust with Maurizio and publicized his experiences and observations for all MDMN shareholders to absorb as well. Maurizio have proven themselves to be a benefactor to MDMN shareholders.

For instance, is there a definition in the contract of the meaning of the percentages earned under the contract to the sellers. Are the percentages profit sharing, are they net smelter returns, or are they simply remainder interest in which the seller receives 27½% of whatever money the purchaser and property operator decides to sell.

This is akin to buying stock in Freeport and then as a shareholder demanding the same questions. It doesn't matter at all. Medinah has no interest in any of that...Auryn does. Medinah is ONLY a shareholder of Auryn. Whatever Auryn gets, MDMN gets 26.5% of. Whatever Auryn has to pay, MDMN has to pay 26.5% of. It's not a joint venture. It's not a shared property. And it's that complicated. Medinah only owns shares in Auryn.

2. Is our interest in the original properties protected? What happens to our interest should Auryn decide to sell the property to a third party?

Medinah has NO, ZERO, NIL interest in any properties. We are shareholders in Auryn. Nothing more, nothing less. If Auryn sells the property, the proceeds go to Auryn's assets...of which we own 26.5% of.

3. What happens if a new group takes over the operating company and decides that they will act to maximize the profits for the company at the expense of the sellers.

No idea what you're hypothesizing here. Again, MDMN owns shares in Auryn and whatever happens to Auryn affects MDMN in that regard.

4. Is the 27½% percentage defined for Medinah to receive 27½% of Enami smelter return from each and every check paid to Auryn.

MDMN is not a 3rd party to any of that. MDMN is a shareholder of Auryn. Whatever proceeds Auryn gets, they use accordingly. If they pay revenues from it, MDMN gets their pro rata share of them. If Auryn reinvests it into exploration to grow the company, then MDMN doesn't receive anything, though it offsets exploration costs that MDMN would otherwise be on the hook for.

5. Is there sufficient definitions of the terms which would protect the sellers under a change of management or ownership of the properties or Auryn.

Not sure what hypothetical you're creating here, but you need to change your paradigm of MDMN as a shareholder, not a partner.