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

To: Coz who wrote (11907)	4/29/1999 3:08:00 PM
From: James E Lynch	Read Replies (1) \| Respond to of 25548

(BSNS WIRE) Medinah Energy Changes Name, Creates New Subsidiary and Decl Medinah Energy Changes Name, Creates New Subsidiary and Declares Dividend Business Editors LAKE ELSINORE, Calif.--(BUSINESS WIRE)--April 29, 1999-- In response to recent major discoveries on Medinah's Chilean properties known as Alto de Lipangue and Las Dos Marias, the Company's Board of directors initiated the following actions: 1. By authority given the Board of Directors at the 1997 Annual Shareholders meeting, the Company's name has been changed to Medinah Mining, Inc. Amendments effecting the name change are being filed and a new CUSIP number will be requested. 2. On April 21, 1999 the Company formed a wholly owned subsidiary called Medinah Gold, Inc. authorized at 100,000,000 common shares at .001 par and 50,000,000 preferred shares at .001 par. The law firm of Michael Morrison in Reno, Nevada has been engaged to file documents with the Securities Exchange Commission to register Medinah Gold, Inc. 3. By action of the Board of directors on April 28, 1999, all assets of Medinah Energy, Inc. -- except the Alto de Lipangue and Las Dos Marias properties -- are to be sold to the wholly owned subsidiary, Medinah Gold, Inc. Accompanying the above action, the Board of Directors declared the following dividend: 1. Each holder of common shares in Medinah Mining, Inc. (formerly Medinah Energy, Inc.), will receive 1 share of Medinah Gold, Inc. for each 10 shares held of Medinah Mining, Inc. and each preferred shareholder shall receive 1 share of Medinah Gold, Inc. for each 2.5 preferred shares of Medinah Mining, Inc. (formally Medinah Energy, Inc.). Shares received as dividends will be restricted under State and Federal securities laws. Medinah Mining, Inc. dividend share record date was fixed at May 7, 1999. On behalf of the Board of Directors Per: Larry Regis, President For further information, contact RGM Communications Inc. at 1-800-547-9375 or access the web site at http:/www.medinahenergy.com/ --30--tia/ny* CONTACT: RGM Communications Inc. 800/547-9375 http:/www.medinahenergy.com/ KEYWORD: CALIFORNIA INTERNATIONAL LATIN AMERICA INDUSTRY KEYWORD: MINING/METALS MANAGEMENT CHANGES DIVIDEND Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *