Medinah Minerals, Inc. Announces the Notarized Acquisition of All Medinah Mining Chile Ownership Shares & Mining Claims in Ex...
28 9월 2013 - 3:30AM
Business Wire
Medinah Minerals, Inc. (OTC/PINK: MDMN) completed an equity
exchange process on September 16, 2013, with the issuance of 35
million non-voting, non-interest bearing Class “C” Preferred Shares
with a deemed value of $1 per preferred share, which are
convertible to common shares at $0.10 per share. The transfer of
all ownership shares and mining claims titles have been fully
recorded and recognized by the Chilean Ministry of Mines and other
pertinent government authorities. A certified English translation
copy of the notarized Spanish Contract of Exchange is available for
review on the official Medinah Minerals, Inc. website at
www.medinah-minerals.com or on the OTC Pinks at
www.otcmarkets.com.
Furthermore, and related to this important equity restructuring,
was the necessary acquisition of the remaining 90% of the
previously drilled and explored Gordon Breccia Claims. Through
negotiation, Medinah Mining Chile now owns 100% of the Gordon
Breccia claims. This acquisition process was accomplished with the
cooperation of the long-standing creditors as referenced previously
in a 2004 settlement agreement.
Medinah Mining Chile has now assembled a contiguous holding of
all of the Altos de Lipangue mining claims, that include 21
additional properties. The final completion of these major
milestones now enables Medinah Mining Chile, with the full support
and directional assistance of Medinah Minerals, Inc., to proceed
forward in an expeditious manner to finalize the major joint
venture agreement. Terms and conditions of the joint venture
agreement necessitated this entire restructuring process.
South American Mining MediaRoberto de Silva,
702-727-8235Roberto@southamericanminingmedia.comhttp://www.medinah-minerals.com
Medinah Mining (CE) (USOTC:MDMN)
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Medinah Mining (CE) (USOTC:MDMN)
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