Replies to post #79871 on Medinah Minerals (MDMN)

[chiledog]

as the original sale of the alto to auryn chile was contrary to all the statutes of nevada and was never approved by mdmn shareholders the law clearly states this could be upset with severe damages to auryn chile however, with mdmn having no money and no way to raise any what would you do with the property??

[Pennyes]

well they have some stake as much as 25% ownership in Auryn!, forced liquidation by selling 25M shares at current price $1.55/share is a chunk of money!!


PS:
Medinah Minerals (MEDINAH) (OTC Pink: MDMN) is a publicly traded company.

At this time MEDINAH is primarily a holding company. Our primary assets include:
a 25% equity position (25,000,000 shares) in the private company, AURYN Mining Chile SpA (AURYN).
a 5 year option to purchase 5,000,000 shares from AURYN for $50,000,000.00 US, and
a 15% equity position in NUOCO, a private company of which AURYN owns the remaining 85%.