LAKE ELSINORE, Calif.--(BUSINESS WIRE)--Jan. 31, 2002--Management of Medinah Minerals, Inc. is extremely pleased to announce the signed completion of a five million dollar ($5 million) financing package.
The first deposit of moneys, memorializing the framework of the funding deal, have been received into the Medinah Minerals, Inc. bank account.
When Medinah Minerals, Inc. is released from its Non-Disclosure Agreement mandates, Management will identify the funding party.
The balance of the entire five million dollar ($5 million) funding package is scheduled to be received by Medinah Minerals, Inc. over the course of the next three business weeks.
Medinah Minerals, Inc. will now commence the Company's exploration program as outlined by Gordon House P.Geo., and Robert Cinits, P.Geo. Company Director and Geologist, Gordon House, P.Geo., will leave shortly to undertake the expansion of the exploration project at the Company's Alto de Lipangue gold/copper property near Santiago, Chile.
For further investor information, please contact Russell Godwin at RGM Communications Inc. (800) 774-5133 or access the web site at medinahminerals.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 Minerals, 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 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.
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CONTACT: RGM Communications Inc.
Russell Godwin, 800/774-5133
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: MINING/METALS
SOURCE: Medinah Minerals, Inc. |
