Medinah Minerals (MDMN)

[Zhenli]

The following clause is from the sales agreement with Auryn Mining Chile SpA, regarding an exchange for the Altos de Lipangue claims for a 25% equity stake in Auryn.
"AURYN assumes all rights, responsibilities, costs and liabilities of the entire Altos de Lipangue Project." So, does this mean that Auryn cannot asses any expenses to Medinah (exploration, mining, taxes,etc) for the Alto before the exchange of Cerro shares for Medinah shares takes place?
In a press release 03/10/2017, because of our equity position in Auryn, we were assessed $2 million as our percentage of the raised capital. Did Auyrn announce what expenses were being paid for my the raised capital. Since Medinah's officers are hand picked by Maurizio, no demand was made to Auryn to tell us what expenses were being paid for by the raised capital! IMO this is another lack of transparency by Maurizio and his hand picked officers of both Medinah and Cerro.
Since Auryn has chosen not to announce the terms of the sales contract of the Alto mining claims to Cerro Dorado, we don't know if the same clause referenced here is included in that contract. But of course this contract will be announced when it's practical. Practical for who?
Cerro or Auryn?
Tic Toc...Tic Toc..silence and more silence.