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


To: superdow who wrote (9158)2/13/1999 10:51:00 PM
From: Coz  Read Replies (1) | Respond to of 25548
 
Yup, that's how I remember it. As I recall the suit was then filed in another state, I think maybe Utah. As I understand it both the US and Canadian lawsuits are ongoing, and a victory in Chile will only help. The US suits are not to settle any land claim though. They regard DAY's statements regarding MDIN's claim. Perhaps someone else could more clearly define this. --Coz



To: superdow who wrote (9158)2/14/1999 9:39:00 PM
From: gianelda  Respond to of 25548
 
The following is from Dayton and makes ref. to these cases.
"DAYTON MINING CORP ("DAY-TADPQX") - Banking and Legal Update

Dayton Mining Corporation is pleased to announce that its banking syndicate has
agreed to continue to waive existing defaults until November 30, 1998, thus extending
the waiver that expired October 19, 1998. During the time of this waiver Dayton will be
negotiating a restructuring and extension of the loan repayment terms. The current bank
loan outstanding is US$17.9 million of which $12.9 million is cash collateralized.

On October 27, 1998, the Second Judicial District Court of the State of Nevada entered its order granting the motion of Dayton
Mining Corporation to quash service of process on Dayton Mining Corporation. Dayton's motion asserted that the Second Judicial
District Court does not have jurisdiction over Dayton Mining Corporation for the claims asserted by Medinah Energy Inc. against
Dayton Mining Corporation. The Court Order stated the "plaintiff [Medinah] has failed to provide competent evidence of essential
facts establishing a prime facie showing of jurisdiction" and "[t]herefore, jurisdiction here has no basis in law or fact."

This decision may be appealed by Medinah to the Nevada Supreme Court. Actions are still underway in Nevada by Medinah
Energy Inc. against Dayton Mining (US) Inc. and in British Columbia by Medinah Energy Inc. against Dayton Mining Corporation
and Dayton Mining (US) Inc.

Dayton Mining Corporation holds a 100 percent interest in the Andacollo Gold Mine located in central Chile, and trades on both the
American Stock Exchange (AMEX) and Toronto Stock Exchange (TSE) under the trading symbol DAY.

Notice: The Company relies on litigation protection for "forward looking" statements. TEL: (604) 662-8383

Dayton Mining Corporation

Diane Thomas, Vice President, Investor Relations

______________________________________

(c) Corporate Dissemination Services Inc. All rights reserved.

Tel:(604) 689-1101

Fax:(604) 689-1106

RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.

Gian


PS.:This is an old p.r.dated dec 4th 98