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

To: Dennis W. who wrote (4848)	8/4/1998 1:47:00 PM
From: EtTuBrute	Read Replies (2) \| Respond to of 25548

Ya beat me to it. Here is the text: Medinah Energy Announces Creation of Preferred Shares LAKE ELSINORE, Calif.--(BUSINESS WIRE)--Aug. 4, 1998--Directors of Medinah adopted a resolution creating 10,000,000 Class A preferred shares holding the following privileges: 1. Issue and redemption price - $1.00 per share 2. Dividend rate - $0.10 per share, payable at such time as the Board of Directors determine 3. Convertible at the option of the holder to common shares of the Corporation at the ratio of $0.25 for each common share divided by the purchase price of each preferred share of $1.00 each 4. Owners of record may convert 1/3 of their Class A shares on July 10, 1999, 2000, 2001 5. Any preferred share issued under this series shall not be accorded any voting rights of whatever nature or kind. Medinah has distributed 8,965,000 Class A preferred shares, 7,465,000 to Frontier International Resources in exchange for cancellation of the 25,000,000 common 144 shares of Medinah issued under the Frontier/NP Energy Corp [OTC BB:NPEC - news]/Medinah acquisition agreement regarding the acquisition of the Chilean mining properties, and a further 1,500,000 Class A preferred shares to NP Energy Corp as settlement for any and all interests and participation NP might retain pursuant to the Frontier/NP/Medinah acquisition agreements. Frontier International Resource Inc. will distribute the Class A preferred shares of Medinah to its shareholders, which include NP Energy Corp, Medinah Energy and other public shareholders on the ratio of one Class ''A'' preferred share for each 4 common shares of Frontier. The above transactions, approved by directors of all three companies, had the net effect of reducing the issued common share capital of Medinah from 53,800,334 shares to 28,800,334 shares. On behalf of the Board of Directors Per: Larry Regis, President