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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (20065)11/4/1999 1:51:00 PM
From: Mike Gold  Read Replies (2) | Respond to of 25548
 
Claude, Larry Regis mentioned in his letter to shareholders that Medinah has enough money for the holes at LDM. Financing for the rest of the drill program has yet to be announced. Certainly the impression I had when I left from the AGM was that we were very, very close to agreement with a Fund. Les Price at the AGM mentioned that he met with the Fund some 30 times already. He described the amount involved in the agreement as being "open ended". Larry's letter confirms that the money from the Fund will be payed for by future production and that the Fund will buy shares of Medinah at the market-nice! Rumors since the meeting seem to indicate that something may be annouced concerning this at just about anytime. Perhaps just a few more days of paper shuffling before we hear something!