Fred,
Just my opinion, you should be entitled to the shares. Special situations such as splits and spin-offs go to shareholders who own the stock the day the company splits or spins. May 7th was the day for MDHM.
Contact someone higher up than a broker at Waterhouse.
You may want to fax the following letter to whomever you speak with.
>>Letter to the Shareholders
May 7, 1999
Dear Medinah Shareholder:
The Board of Directors would like to take this opportunity to update you with regards to the Company's activities in recent months. As President, I am pleased to make the following report:
1. Medinah entered option/purchase agreements on the Alto de Lipangue, Las Dos Marias, Ipun, Caleu and several other properties with Sr. Juan Jose Quijano a year or so ago. Work done and cash and share payment issuance's against this agreement, have earned Medinah clear title on the $10,000,000 purchase of the Lipangue and Dos Marias portion of the agreements.
The remainder of the option agreement will be exercised as the properties are developed.
2. In order to assess and develop the Lipangue and Dos Marias properties, a geophysical survey, reconnaissance geology and diamond drilling programs have been completed. As noted in our news releases and confirmed by independent geologists, mining grade precious and base metal values have been discovered. Several major International Mining companies have shown considerable interest in the project and have sent their own consultants in to evaluate our findings. Project geologist, Gordon House, P.Geo., is preparing a Phase 2 work program that will include additional geophysical work combined with a new program of diamond drilling.
Work to date, including surface geology, IP resistivity surveys and diamond drilling, confirms the indications of a multi-million ton ore deposit at Alto de Lipangue and separately at Las Dos Marias.
In order to facilitate the exploitation of our holdings, several steps have been taken by Company Management:
1. The Board of Directors, empowered by the Shareholders at the 1997 Annual Meeting, has amended the Articles of Incorporation to rename Medinah Energy, Inc. to Medinah Mining, Inc. This name more accurately describes the Company's agenda. New CUSIP numbers are in process.
2. A new Company, Medinah Gold, Inc. was incorporated in Nevada on April 22, 1999. Medinah Gold, Inc. is a wholly owned subsidiary of Medinah Mining, Inc. (formerly Medinah Energy, Inc.). The law firm of Michael Morrison has been retained to register Medinah Gold, Inc. with the Securities and Exchange Commission to become an OTC Bulletin Board company.
3. On April 28, all mining properties, options and subsidiary holdings and related assets of Medinah Mining, Inc. (except the Lipangue and Dos Marias), were sold to Medinah Gold, Inc.
4. The Board of Directors of Medinah Mining Company approved the following dividend: Shareholders of Medinah Energy, Inc. (now Medinah Mining, Inc.) common stock will receive one (1) share of Medinah Gold, Inc. for each ten (10) shares held in Medinah Mining, Inc. (Medinah Energy) and preferred Shareholders will receive one (1) share of Medinah Gold, Inc. for each 2.5 preferred shares of Medinah Mining, Inc. Issued shares will fall under State and Federal Securities law. Record date has been set as May 7, 1999.
5. The actions of the Board will result in the following:
Medinah Mining, Inc. now has a name reflecting the objectives of the Company (formerly Medinah Energy, Inc.).
The accounting process to proceed with Medinah Mining, Inc. to become fully reporting, has been simplified.
Possible roadblocks to a joint venture program and financial backing regarding the Lipangue and Dos Marias properties have been minimized.
The structure of Medinah Gold, Inc. will enhance funding and development of the remaining properties in Chile.
New officers and directors will concentrate efforts on all Medinah's properties.
6. MarketPulse Magazine has forecast that we were on the verge of becoming a major mining entity. That time has come.
Respectfully Yours,
"Larry Regis"
Larry Regis
President, Medinah Mining, Inc.
For further investor information, please contact RGM Communications Inc. at 1 (800) 547-9375, (604) 687-1414 or access the web site at medinahenergy.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 Energy, 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. |
