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

To: KMT who wrote (4406)	7/20/1998 3:51:00 PM
From: Joe Bilich	Respond to of 25548

KMT--as long as you're digging into the suit, here are a couple questions to pose: Given that the events in question occurred in Chile, what jurisdiction does MDIN think that US courts have? If little or none, is the US suit essentially there to put something "on the record" in a place that can easily be confirmed by investors that there is (still) a dispute? Is the suit in part aimed at DAYTON's shareholders and market makers and institutional holders--filed to show these parties that there is another side to the story that DAY mgt. has been putting out, perhaps to have these parties assess risk and put pressure on DAY? I am not saying that US courts have no jurisdiction, just aware that many would dismiss this out of hand assuming they did not.

To: KMT who wrote (4406)	7/20/1998 5:10:00 PM
From: Mr Metals	Read Replies (1) \| Respond to of 25548

WTG KMT...LOL The stock has an active Internet following, with 4,400 posts on Medinah's Silicon Investor forum alone, numbering dozens a day. One frequent poster, "KMT," called the U.S. litigation a $600-million (U.S.) lawsuit, then raised his estimate to $1.8-billion (U.S.) less than two hours later. Dayton Mining Corp - Medinah files suits in Canada and U.S. Dayton Mining Corp DAY Shares issued 40,856,779 1998-07-17 close $0.88 Monday Jul 20 1998 INTERNET FAN CLAIMS SUIT WORTH $1.8-BILLION (U.S.) by Brent Mudry Medinah Energy has upped the ante in its challenge to Dayton Mining's Andacollo claims in Chile by launching litigation in Canada and the United States. In an endorsed writ of summons filed Monday in the Supreme Court of British Columbia, Medinah claims it directly or indirectly owns rights to various Andacollo mineral claims, including the Mercedes, Rodrigo, Toro and Gabriella properties. Medinah lawyer Jack Kowarsky of Vancouver also claims his client has acquired from the registered claimholder the rights of first refusal to acquire the Marilola, Encarcion and Marijen properties. The suit notes these latter rights are under dispute between Dayton and the registered claimholder. Mr Kowarsky notes that in June and July, Dayton claimed in its annual report and press releases that it holds mineral titles and surface rights to all land covering its published reserves, resources and mine plan at Andacollo. Medinah claims the disputed Rodrigo, Toro and Gabriella properties are all clearly within the stated reserves, resources and mine plan of Dayton. The suit alleges that by "falsely and maliciously" publishing this information, "without lawful occasion or excuse," Dayton has brought in question Medinah's alleged ownership of the properties. Medinah claims it has suffered loss and damage, including the loss of ability and opportunities to arrange financing, and damage to its "general reputation." The suit seeks unspecified general and special damages for "defamation and/or slander of title," and an injunction restraining Dayton from disputing Medinah's alleged rights to the Chilean properties. A full statement of claim has not yet been filed. In a related action, Medinah filed a multiple $150-million (U.S.) suit against Dayton in the Second Judicial Court for the District of the State of Nevada on Monday. The suit includes a $100-million (U.S.) claim for punitive damages against each of Dayton Mining Corp, Dayton Mining (U.S.) five John Does and five unidentified companies. Shares of Medinah, a U.S. bulletin board promotion, peaked at $2.40 (U.S.) last August, fell to the 80-cent (U.S.) range a month later and currently trade at about 17 cents (U.S.). The stock has an active Internet following, with 4,400 posts on Medinah's Silicon Investor forum alone, numbering dozens a day. One frequent poster, "KMT," called the U.S. litigation a $600-million (U.S.) lawsuit, then raised his estimate to $1.8-billion (U.S.) less than two hours later. Dayton hotly contests Medinah's claims. "Dayton confirms that it holds mineral title and surface rights to all land which cover its published reserves, resources and mine plan," the company stated last week. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com Mr Metals