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


To: Mike Gold who wrote (10740)3/31/1999 2:36:00 PM
From: findstock  Read Replies (1) | Respond to of 25548
 
Everyone is talking about hole 6 which we hear is spectacular....but my understanding is 5 isn't a slouch....



To: Mike Gold who wrote (10740)3/31/1999 2:42:00 PM
From: RMF  Read Replies (1) | Respond to of 25548
 
Mike,

When you say it was mineralized...what exactly would that mean?

definitely gold?

definitely copper?

maybe each of the above?

Had some free time while waitin' for the wife to bring the check home.....before I send her out to the liquor store...

BTW...check out JDX.T...I made all the kids go out and sell blood (except for little Cherylin, she's kinda weakly) so I could get a position in that one.



To: Mike Gold who wrote (10740)3/31/1999 9:34:00 PM
From: Handshake™  Respond to of 25548
 
Hot off the press:

Wednesday March 31, 8:48 pm Eastern Time
Company Press Release
Dayton Convertible Debenture Conversion Approved
VANCOUVER, British Columbia--(BUSINESS WIRE)--March 31, 1999-- Dayton Mining Corporation (AMEX:DAY - news; TSE:DAY - news) is pleased to advise that the debentureholders of Dayton today approved the redemption or conversion of all its US$69 million of unsecured convertible debentures into shares of Dayton. Shareholders, at a subsequent meeting approved the issuance of 310,500,000 new shares for this purpose. The Company expects that the Court order, issued by the Supreme Court of British Columbia, approving the restructuring will be accepted for filing by the Registrar of Companies tomorrow, thus enabling the capital restructuring to be completed. Accordingly, Dayton anticipates giving notice on April 1, 1999 to all holders of its debentures that each US$1,000 principal amount of debentures will be redeemed in exchange for 4,500 common shares on May 1, 1999. Debentureholders are entitled to convert their debentures into common shares at the same exchange ratio at any time prior to the time of redemption. Upon completion of the redemption or conversion of all of the debentures, Dayton will have approximately 351,356,779 common shares issued and outstanding. The proposed consolidation of Dayton's common shares on the basis of one new share for each ten old shares was not approved.

Bill Myckatyn, President, CEO and Chairman of Dayton, states ''This reorganization of Dayton's capital structure is the final step in positioning Dayton for future growth. With the Andacollo Gold Mine performing well, the agreement with our lenders on the project loan in place, and the simplified and clean balance sheet provided by this restructuring, Dayton is in a strong position to take advantage of strategic opportunities in this gold market and to increase shareholder value.''

Dayton Mining Corporation holds a 100% 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.

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