Winnie, just for your information!...I'm sure the truth must hurt huh?
Medinah Mining, Inc. NEWS RELEASE
Trading: Pink Sheets
Symbol – MDHM
Medinah Mining announces Registration Effort
Lake Elsinore, CA., October 12, 2000 . . . Management of Medinah Mining,
Inc. reports that a committee of shareholders and market professionals
have presented to Medinah substantial evidence of a large disparity
between the number of Company shares issued and outstanding and the
amount of shares purchased and currently held by shareholders. Medinah
is concerned about this matter, has sought counsel from various industry
experts in this field and is formulating a plan to deal rapidly with
this imbalance. We suggest the registration and subsequent delivery of
your share certificates. This will protect the shareholders shares, will
allow management to communicate more effectively with the shareholders
and will enable the shareholder greater ease in voting at the
forthcoming Annual General Meeting. Shares currently held in a qualified
retirement plan should be registered by the plan custodian “for the
benefit of” the participant.
On a separate, but related note, a group of shareholders has approached
Management requesting the preemptive right to finance the Company from
this day forward, especially in regards to bringing the Alto de Lipangue
property into production. Management is currently reviewing this
proposal.
Drilling continues at Alto de Lipangue gold/copper property in Chile.
The drillers are currently working on DDH #14, testing the southerly and
easterly extension of the hydrothermal breccia pipe and associated
intrusive complexes. DDH #13 successfully intercepted the breccia zone
at 221 meters and exited the footwall at 325 meters yielding a total
mineralized intersection of 104 meters (341 feet). All the core is now
submitted for assay.
For developing news on the stock registration effort and to be placed on
the information list, please contact Medinah Mining Investor Relations.
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For further investor information, please contact RGM Communications Inc.
at 1 (800) 547-9375, 1 (800) 774-5133, (604) 687-1414 or access the web
site at medinahmining.com
Note: This news release may contain certain "forward-looking statements"
within the meaning of the United States Securities Exchange Act of 1934,
as amended. All statements, other than statements of historical fact,
included in this release, including, without limitation, statements
regarding potential mineralization and reserves, exploration results,
and future plans and objectives of Medinah Mining, Inc. are
forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate, and actual results and future results could differ materially
from those anticipated in such statements, Important factors that could
cause actual results to differ materially from the Company’s
expectations are disclosed under the heading "Risk Factors" and
elsewhere in documents filed from time to time with the United States
Securities and Exchange Commission and other regulatory authorities. |
