To: Win-Lose-Draw who wrote (17455 ) 7/21/1999 4:46:00 PM From: Handshake™ Read Replies (3) | Respond to of 25548
COMMENTS FROM THE PRESIDENT Of Medinah Mining Inc./ Medinah Gold, Inc. July 21, 1999 Dear Shareholder: A short time ago, the Board of Directors took the time to update all of the shareholders and interested parties regarding the Company's activities. Judging by the recent questions and phone calls, it is time to do this once again. Medinah recently announced that at least 16 non-circumvention/non-disclosure agreements regarding the discovery at Alto de Lipangue, Chile have been signed. The agreements are intended to protect both parties while enabling possible joint venture partners potential investors or other beneficial parties to study the properties and our findings. Two key elements of these agreements are that: (1) the names of interested parties may not be disclosed; and (2) information obtained while investigating the properties may not be used as a basis to buy or sell stock. This overwhelming interest was a validation of the major gold/copper discoveries at Alto de Lipangue and Las Dos Marias. The full extent of these discoveries is still open and Phase II of our exploration program is underway to expand our knowledge of the size and grade of these ore bodies. In a recent geological reconnaissance of a neighbouring property to Alto, another possible breccia has been discovered. This is 1.7 kilometres from the Alto de Lipangue breccia. The distance is significant and indicates clearly how big the Alto discovery may be. It is also important to mention that several additional parties visited the properties prior to the discovery at Alto de Lipangue and Las Dos Marias and they have requested to be kept updated. As you read this letter, Mr. Gordon House, P.Geo., and interested parties are organizing visits and evaluations of our properties. Gordon has just returned to Chile and is beginning another geophysical and diamond-drilling program. Howe Chile Ltda. has been engaged to provide an updated report on the project and properties. The Board of directors has empowered Mr. Les Price, CEO, to negotiate terms of a joint venture agreement. Any agreement reached is subject to Board ratification. Several scenarios for participation have been entertained. Your Board of Directors has not approved any agreements at this time. Many shareholders and others have been phoning the office asking to invest in a private placement of shares that they have heard the Company is undertaking. Medinah is not now involved in a private placement of shares and the Board of Directors has no knowledge of how this information has been disseminated. Any financing undertaken by the Company will be announced in the proper fashion and will be in compliance with Securities Regulations. American Registrar & Transfer Company, our transfer agent, has notified the Company that all Medinah Gold, Inc. dividend shares have been distributed to registered shareholders and to brokerage firms holding unregistered name-holder shares. Attorney Michael Morrison is in the process of filing documents registering Medinah Gold, Inc. as a public company. Unregistered shareholders should claim their shares and register them with the transfer agent. The joint venture agreement between Medinah Mining, Inc. and Cerro Dorado, Inc. to improve road access to both companies' properties has been completed and roadwork is underway. As a recent guest on the Buzz Schwartz money Talk Show, I emphasized the following points: Medinah has a major discovery in Chile, the extent of which is still to be determined. We will continue an ongoing discovery process while negotiating with potential partners. It is in the best long-term interest of our shareholders to have a fair understanding of our worth. Joint venture agreements need to consider both present and potential values of our discoveries. The process of discovery, development and mining implementation needs to be completed in an orderly fashion. The Annual General Meeting is scheduled for late October, 1999. Look for meeting announcements. Yours truly, Larry Regis President, Medinah Mining, Inc. Check out our Website at medinahmining.com . It is my sincere recommendation that you register your shares with the transfer agent. For those who hold their shares in "street form" at a brokerage firm, your accounts may be designated as having the Medinah Gold Shares contained therein even though the certificate has not landed at that firm. Please insist upon delivery of your physical Medinah Gold Certificates. Hey Winny please read this to Langner, I know its hard by candlelight...ROFLMAO