Always one step ahead of the regulators eh Les ?
SHAREHOLDER UPDATE
September 2, 2008
Dear Shareholders:
A meeting of the Board of Directors and Company Management was held in Las Vegas, Nevada over the days of August 17 and 18, 2008.
Numerous subjects were discussed, and interpreted through classification status as an immediate decision required, or pending in nature.
Management and the Board of Directors of Medinah Minerals, Inc. has updated shareholders on numerous occasions over the last 2-year period. This included the most recent Annual General Meeting earlier this year. Throughout, we have endeavored to put forth the status as to progress of negotiations to enter into the “best possible” Joint Venture Agreement of the Alto de Lipangue project in Chile. The Company’s project in Chile has gone from a speculative stage in the early years of high-risk exploration work to a very sought after project. We have, through every interpretation and introspection, a proven ore body that has created keen interest by several “Major” mining companies who are vying to partner with Medinah Minerals, Inc. Roughly One (1%) Percent of all Junior Mining Companies reach the Joint Venture Agreement milestone that Medinah Minerals, Inc. has attained. Shareholders have been informed that several highly interested “Major” parties have presented Letters of Interest, Letters of Intent, and Contractual Offers. The stipulations, terms, and conditions articulated in these various offers were not completely acceptable, nor in the best long-term interests for Medinah shareholders. But, Management’s continual negotiation with numerous parties and the narrowing of the field of suitors has led to a final stage Joint Venture Agreement deal point terms that Medinah Minerals, Inc. deems worthy of acceptance. Management and the Board of Directors must admonish our shareholders that we remain under Non-Circumvention and Non-Disclosure mandates. Medinah Minerals, Inc. will honor these commitments, without fail.
As Management and the Board of Directors moves “positively” toward the final announcement of a Joint Venture Agreement, various corporate changes are necessitated. Therefore, all Medinah Minerals, Inc. corporate operations will be domiciled in Las Vegas, Nevada. Concurrent to this business operations move has been the upgrading of our listing on the Pink Sheets to a second tier rating. Medinah Minerals, Inc. is completing the documentation and qualifications for a first-tier listing on the Pink Sheets. These Company moves will help facilitate our final goal of completing a Joint Venture Agreement. Our shift
forward from a financed-based entity to an economic/income-based Company will be best utilized by transferring our corporate operations to the State of Nevada. Accordingly, we will be closing our sub-offices located in North Vancouver, British Columbia, Canada and moving all operations to our new corporate headquarters in Las Vegas, Nevada. Management and the Board of Directors have determined the need for an Investor Relations firm that will work from our new corporate offices in Las Vegas, Nevada. Contact address, phone numbers, etc. of our Las Vegas, Nevada corporate offices will be posted on the U.S. corporate website, www.medinah-minerals.com, on the new and permanent “Contact” header section.
The Board of Directors has received and accepted the resignation of Company CEO Les Price. Mr. Price has been an integral part of the Medinah’s ascension to its present status. The Board of Directors and shareholders can never bestow the proper gratitude for Mr. Price’s unwavering loyalty and professionalism to bring Medinah Minerals, Inc. to the attention of the mining world. Mr. Price wanted to convey his Thanks to each of Medinah’s loyal shareholders for their understanding of the impending corporate changes as the Company closes in on the Joint Venture Agreement.
Señor Juan José Quijano Fernández has assumed the duality position of President/CEO of Medinah Minerals, Inc. In this capacity, Señor Juan José Quijano Fernández through Medinah Minerals, Inc. sub-offices in Santiago, Chile, will continue daily negotiations on behalf of Medinah Minerals, Inc. Señor Quijano will continue to diligently represent the interests of Medinah Minerals, Inc. in his newly appointed position as President/CEO.
By: Board of Directors
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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Welcome to The Official
Medinah Minerals, Inc. Website!
As an emerging mining exploration company with corporate assets strategically positioned in the resource rich country of Chile. The Company has actively pursued relationships with alliances and partners within the Country of Chile to further our Shareholders interests and maximize our potential return in this lucrative market.
Medinah Minerals (Chile) owns a 100% interest in a very prospective mining claim group located 25 miles northwest of Santiago, Chile.
** Medinah Minerals, Inc. wishes to advise that this is our official Web Site. Medinah Minerals is not responsible for the presentation of any Company information made available on any other site.
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Aerial Claim Map
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Draft claim map Alto di Lipangue February 2007
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