MEDINAH MINERALS Question & Answers
MEDINAH MINERALS Question & Answers
March 23, 2012
Question & Answer postings are compiled from time to time, as an information source as to company actions and/or activities. Q&A posts will continue in the post-Joint Venture Agreement phase concerning Company activities, to provide ongoing information for the benefit of Medinah Minerals shareholders.
Q: Can’t you stop the rumors and negativity about Medinah.
A: We have no way of dissuading individuals or negative concerns from articulating their thoughts. The Company has repeatedly addressed these non-factual issues by professing that ONLY information reported via the official Company website is factual. All other interpretations, assessments, prognostications, viewpoints, or the like expressed or professed by those not affiliated with the Company, are without merit or validity. Medinah does not participate in advising our Shareholders to buy, sell, hold, or transfer shares. Medinah is entirely a free market without the Company having any Investor or Public Relations firm(s) in its employ.
Q: Has an Investor Relations firm/person been engaged to handle Shareholder inquiry and matters on behalf of the Medinah company?
A: Company Management/Board of Directors have been conducting interviews and investigating quality firms/persons to conduct Investor Relations services for Medinah. This search spans the United States and several foreign jurisdictions. Negotiations for services have been finalized and it is anticipated that an Investor Relations representative will be operational in the very near term. Additionally, several Public Relations entities are being actively reviewed for hire by Medinah Minerals, Inc.
Q: Have any documents been filed by Medinah with finra?
A: In the Company’s continuing activities to upgrade its reporting status, Medinah has taken all steps necessary to fully register with FINRA. All applicable fees have been remitted as per the filing ID #1852469. Medinah has also filed with FINRA, the official notices regarding the April 2, 2012 forthcoming Dividend distribution. This administrative step was done to ensure an orderly flow of the Dividend stock certificates to all Shareholders of record as of April 2, 2012.
Q: Is there some type of report indicating that mdmn is displayed as a potential copper producer?
A: Yes. Medinah has been advised that there is an unsolicited report. For Shareholder information we provide this link www.miningfeeds.com/copper-mining . The Company did not participate in any way with the information provided.
Q: Is there any progress on the las does Marias, ldm project in Chile
A: The Compañia Minera LDM Chile has now completed all road rehabilitation on the north road and work is being finalized on the south road in order to expedite delivery of ore to the processing and smelting plants. The semi-portable camps, to house the crews, have been moved into place and initial tunneling is proceeding. The Company is a fully registered and recognized Mining Operations Business by the Chilean Ministry of Mines.
Q: What is the status of the bogdin issue?
A: Bogdan Borkowski is presently under “house arrest” in Santiago, Chile and cannot travel, internationally or locally without court approval. Applications are underway to have Señor Borkowski committed to incarceration. Several civil cases are now before the Chilean Court Tribunal for adjudication as to the method(s) of settlement of damages.
Q: Has the company hired a replacement securities lawyer?
A: Recently, the unfortunate passing of American Registrar and Transfer Co.'s Owner/ Securities Lawyer, Richard Day, necessitated the retention of a new Legal Counsel. Management has undertaken the interview of several prospects. Management has settled on a highly qualified Securities Lawyer who is presently reviewing all Company files and issues past, present, and future. His services are highly sought out by numerous corporations and we are thrilled that he has agreed to be retained. Management will travel to Florida in April to formally engage his legal services.
Q: What is going on with the Alto de lipange deal? It’s been 5 weeks since Las Vegas. With the deal being signed why don’t we have notice of the funds?
A: Yes, as reported earlier by Medinah Minerals (Chile) S.A., the sale of the 1,508 mineral claims deal is signed and several Auxiliary issues have now been clarified. Of concern were the responsibilities of the Principals to carry out proving up the properties in structured time frames, etc. The release of the first tranche of funding is imminent and will be reported immediately upon receipt. Further, the identity of Principals will be reported simultaneous to the report of funding and a complete summary of the Terms and Conditions pursuant to the sale.
Juan José Quijano Fernández
President/CEO
