Medinah Minerals (MDMN)

[myrtle222]

So me being me , I am unable to put 2 + 2 together? Are these companies part of THE CONSORTIUM?

The article "
"Huakan International Mining Inc. Provides Update on the Net Smelter Returns Royalty Buyout on the Greenwood Gold Project
VANCOUVER, BRITISH COLUMBIA - March 28, 2013 - Huakan International Mining Inc. (TSX VENTURE:HK) (the "Company") reports that the Company has entered into an amended and restated letter agreement ("Amended Agreement") with Mineral Invest International MII AB, a company listed on Aktietorget in Sweden under the stock symbol MII ("Mineral Invest"), Gold Crown LLC ("Gold Crown") and AMT Industries Canada Inc. ("AMT"), Gold Crown's wholly owned subsidiary (collectively, the "Purchasers") to amend the terms of a letter agreement entered into by the Company, Gold Crown and AMT on August 7, 2012 in respect of the sale by the Company of the Greenwood Gold Project (see the News Release of the Company dated August 8, 2012).
Pursuant to the terms of the Amended Agreement, Mineral Invest will guarantee the performance by Gold Crown and AMT of the following:
1. pay an amount to the Company sufficient to replace the Company's reclamation bond on the Greenwood Gold Project which amount the Company shall pay to the Government of British Columbia in order to release the security (currently approximately $450,000) that was posted by the Company;
2. cooperate with the Company to execute and deliver a Safekeeping Agreement with the Government of British Columbia, which relates to the reclamation security to be provided to the Government of British Columbia by Gold Crown and AMT;
3. pay to the Company the amount of $4,000,000 which represents the balance of the purchase price for acquisition of the NSR; and
4. pay a total of $400,000 in extension fees, consisting of a fee of $200,000 to extend certain deadlines under the third amendment (dated February 6, 2013) to the letter agreement dated August 7, 2012 among the Company, Gold Crown and AMT, and a fee of $200,000 to further extend such deadlines under the Amended Agreement.
The Purchasers must complete all of the above by no later than 3 p.m. (Pacific Standard Time) on the earlier of June 10, 2013, and the date that is five business days after either Mineral Invest or Gold Crown complete a financing of at least $11,000,000.
Despite the delay in receiving the full payment, the Company did receive $530,000 from the Purchasers in January and in addition to receiving $624,568 refund from the Canada Revenue Agency related to the 2011 Mineral and Exploration Tax Credit (METC) in March, there is sufficient cash on hand for the Company's general and administrative expenses and for advancing the J&L Gold Project metallurgy testwork planned for 2013. "
appears positive to me? IMO