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

To: J. Nelson who wrote (6405)	10/6/1998 2:39:00 PM
From: Handshake™	Read Replies (1) \| Respond to of 25548

REPORT UNDER SECTION 101(2)b OF THE SECURITIES ACT (ONTARIO) SECTION 93 OF THE SECURITIES ACT (BRITISH COLUMBIA) SECTION 141 OF THE SECURITIES ACT (ALBERTA) SECTION 102 OF THE SECURITIES ACT (SASKATCHEWAN) SECTION 92 OF THE SECURITIES ACT (MANITOBA) SECTION 107 OF THE SECURITIES ACT (NOVA SCOTIA) SECTION 102 OF THE SECURITIES ACT (NEWFOUNDLAND) On September 8, 1998, Elliott Associates, L.P. (“Elliott”) and Westgate International, L.P. (“Westgate”) each purchased US$1,250,000 of 7% Convertible Unsecured Subordinated Debentures due April 1, 2002 (“Debentures”) of Dayton Mining Corporation (“Dayton”). The purchases were made through the facilities of The Nasdaq Stock Market. Each Debenture is convertible at the option of the holder into common shares of Dayton at a conversion price of US$6.36 per common share, or 157.23 common shares per US$1,000 principal amount of Debenture. Following the acquisitions, Elliott and Westgate, together with Manchester Securities Corp. (“Manchester”), a wholly-owned subsidiary of Elliott, beneficially hold 4,870,675 common shares or approximately 11.808% of the outstanding common shares of Dayton on a partially diluted basis, including the 393,075 common shares which they are deemed to hold as a result of the acquisition of the Debentures. Each of Elliott and Westgate has purchased the Debentures in the ordinary course of its trade or business of purchasing, selling, trading and investing in securities. Depending on market conditions and other factors that it may deem material, each of Elliott and Westgate may purchase additional Debentures or common shares of Dayton or may dispose of all or a portion of the Debentures or common shares of Dayton that it now beneficially owns. A copy of the press release issued by Elliott and Westgate on September 11, 1998 is attached. DATED the 11th day of September, 1998. ELLIOTT ASSOCIATES, L.P. By: Elliot Greenberg Elliot Greenberg WESTGATE INTERNATIONAL, L.P. By: Martley International, Inc., Attorney in Fact By: Elliot Greenberg Elliot Greenberg