To: all MDIN shareholders
From: Ralph Ulm
Investor Relations, MDIN
(yes, the oficial IR representative)
RE: MDIN UPDATE FOR 07.01.98
The latest news release from the Company indicates that we are negotiating to acquire new properties in Chile. Our engineer has provided a full report and an update will be issued forthwith. Our engineer is extremely excited about these properties and the Company is proceeding with negotiations and final details will be made available ASAP, via news release.
Any production dates will be made via news release. The Company has a complete mill facility in Chile, ready to go into production as soon as is recommended by our geologists and engineer. For reference as to the potential of grade of ore, refer to the news release of 17.12.97.
With respect to the Andacollo claims, the Company is proceeding with their announced plans and have production facilities on hand to begin commercial operations, contingent on the recommendation of its' geologists and engineer, and the likelihood of taking on a new partner for the development of the Andacollo claims is very remote. NPEC is already a 20% Joint Venture partner. In my opinion,(and my opinion only), it would be more prudent to entertain potential offers, from current producers already in the area, for the outright purchase of the Company's claims.
The total number of shares outstanding has not changed and remains at 39,130,334, with 31,740,000 of the shares restricted.
Al Ginn accepts calls, on behalf of the Company, for requests for Corporate Investor Packages at 1-888-572-0170. All inquiries as to the operations of the Company, whether past, present or future, should be directed to myself at 604-684-8685. I shall be moving my offices to the Company's Vancouver HQ within two weeks , at which time a toll free number will be provided for our shareholders. This number will be 1-800-547-9375. In addition, there will also be direct lines to my office, numbers which I will provide at that time.
Any and all further information on the Company, whether news releases or updates, will be provided in a timely manner.
Regards,
Ralph |
