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

To: Handshake™ who wrote (4052)	7/9/1998 11:02:00 PM
From: Handshake™	Read Replies (2) \| Respond to of 25548

Interesting reading from SEDAR search on Dayton: MATERIAL CHANGE REPORT UNDER THE SECURITIES ACT (ONTARIO), THE SECURITIES ACT (BRITISH COLUMBIA), THE SECURITIES ACT (ALBERTA), THE SECURITIES ACT (SASKATCHEWAN), THE SECURITIES ACT (MANITOBA), THE SECURITIES ACT (PRINCE EDWARD ISLAND), THE SECURITIES ACT (NEW BRUNSWICK), AND THE SECURITIES ACT (NEWFOUNDLAND) Item 1. Name and Address of Reporting Issuer DAYTON MINING CORPORATION 595 Burrard Street Suite 2453 - Three Bentall Centre P.O. Box 49186 Vancouver, British Columbia V7X 1K8 Item 2. Date of Material Change February 11, 1997 Item 3. Press Release A press release announcing the material change referred to in this report was issued on February 11, 1997. A copy of the press release is attached to this report. Item 4. Summary of Material Change Dayton Mining Corporation (the "Company") has entered into a commitment letter under which an underwriting group led by Nesbitt Burns Inc., and including ScotiaMcLeod Inc. and CIBC Wood Gundy Securities Inc., have agreed to underwrite the purchase of unsecured convertible debentures in the aggregate principal amount of US$60,000,000, which amount may be increased to US$69,000,000 through an underwriters' option. Item 5. Full Description of Material Change The debentures have a purchase price of US$1,000 per debenture, have a five year term, bear interest at 7% per annum and will be convertible into common stock of the Company at a conversion price of Cdn.$8.60 or US$6.36 per common share. The debentures will not be redeemable for three years. Thereafter until maturity, the debentures will be redeemable under certain conditions at any time at par plus the accrued and unpaid interest. On maturity or redemption, the Company will have the option to repay the principal amount of the debentures under certain conditions using common shares. The Company shall use its best efforts to file a short-from prospectus qualifying the debentures and the common shares issuable upon conversion of the debentures as soon as possible, but in any event by no later than February, 24, 1997, or such later date as may be agreed to by the Underwriters. Closing is expected to occur on February 28, 1997. The net proceeds of this offering will be used on the expansion of the Company's Andacollo Gold Mine, to reduce debt and for general corporate purposes of the Company including future acquisitions. Item 6. Confidential Report Not applicable. Item 7. Omitted Information Not applicable. Item 8. Senior Officer For further information, please contact Diane Thomas, Vice-President, Investor Relations at (604) 662-8383. DATED on this 11th day of February, 1997 in the City of Vancouver in the Province of British Columbia. R.J. (Don) MacDonald Sr. V.P. Finance and CFO