Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J. Nelson who wrote (6430)	10/5/1998 7:18:00 AM
From: Mike Gold	Read Replies (1) \| Respond to of 25548

HISTORY OF MDIN: In case everyone has not seen this yet: PRESIDENT'S REPORT TO SHAREHOLDERS October 19, 1998 Dear Medinah Shareholder: In August of 1997, Medinah acquired from Frontier International Resources, mining claims in Andocolia, Chile. Properties with great potential, but in the early exploration and development stage. A.C. Howe International was then contracted to determine the feasibility of continued exploration and development. The final report recommended an aggressive program at an initial cost of $1.3 million. In April 1998, Medinah expanded its Chilean holdings by acquiring an 80% interest in the Santiago- Lipangue area owned by Juan Jose Quijano Fernandez for a contractual $24 million. The acquisition added 1773 claims to the Medinah asset base. The claims represented both hard rock and placer deposits. The combined Andocolla and Santiago properties provided Medinah with an initial estimated $40 million in gold reserves. The Company objective has been to determine the most productive and economically feasible areas in which to begin production. Financing has been a challenge in the volatile markets of today, hampered by world market crisis, cost of gold and mining scandals. Several key factors were completed in 1998: 2. 3. 4. A private London investment firm provided private financing in the amount of $500,000, with further financing available. Additional private financing was completed, in various stages, to continue exploration, and further financing is contemplated to implement drilling and mining programs. Class A, non-voting convertible shares were issued to Frontier International Resources and NP Energy in exchange for their Chilean working percentages and their previous issue 144 common shares. The above transaction resulted in reducing Medinahs outstanding common shares from 54,000,000 to 29,000,000. Clouding of Medinahs rights of ownership of certain properties in Chile and destruction of Medinah property in Chile resulted in Medinah filing law suits in Chile, Canada and the United States against Dayton Mining of Canada and its US subsidiary. All suits are presently in the judicial systems of those respected countries. Our most recent activity is in the drilling and exploration of the acquired Santiago Lipangue and Carin properties. The project, under the direction of Gordon House, is mapping a major breccia zone identified by Gordon House and sampling and testing the placer deposits. An estimated 100 million cubic meters of alluvial deposits, with an average of 0.6 grams per meter, with an estimated mining cost of $120 per ounce of gold has been identified in the Lipangue-Carin claims. Proving the deposits and determining mining approaches is now in progress. With the completion of the mapping, IP program and drilling, Medinah will be in a position to provide a financeable mining package. A recent article in Market Place made the following statement-. "With two potential world-class properties in Andocolla and the Santiago, Medinah is in the enviable position to break out of their junior exploration status."

To: J. Nelson who wrote (6430)	10/5/1998 7:26:00 AM
From: Mike Gold	Read Replies (3) \| Respond to of 25548

Here is the NOTICE OF ANNUAL STOCKHOLERS MEETING. Take a look at this phrase. "Management of the Company does not intend to solicit shareholder proxies in connection with the meeting of Stockholders." Obviously, managment believes that have a controlling interest-so Jim, your share counting activities have been for naught it seems. NOTICE OF ANNUAL STOCKHOLDERS MEETING OCTOBER 19,1998 To the Stockholders of Medinah Energy Inc.: Please take notice that the Annual Meeting of Stockholders of Medinah Energy Inc. (the "Company"), a Nevada Corporation, will take place on October 19, 1998 at I p.m. at the Airport Plaza Hotel in Reno, Nevada for the following purposes: l To elect the Board of Directors 2. To transact other such business as may properly come before the meeting or any adjoumment(s) thereof The Board of Directors has fixed the close of business on October 16, 1998 as the record for the determination of the stockholders entitled to notice of, and to vote at, the meeting of Stockholders and any adjoumment(s) thereof Management of the Company does not intend to solicit shareholder proxies in connection with the meeting of Stockholders. Nevertheless, Stockholders are entitled to submit their proxy or appear at the meeting in person and vote their common shares. Each holder of the Company's common stock is entitled to one vote per share on each of the matters set forth above. You are cordially invited to be present at the meeting. Stockholders who do not expect to attend the meeting in person may submit their proxies to management of the Company who will vote the same in accordance with each Shareholder's instruction. By order of the Board of Directors MEDINAH ENERGY INC. Larry Regis President