Medinah Minerals QA - March 1
Post# of 689
Posted On: 03/15/2013 5:30:02 PM
Medinah Minerals Q&A - March 15, 2013
Q: Does Medinah Minerals, Inc. have its own Brokerage Account? Banking Account?
A: Yes. Medinah Minerals, Inc. maintains its own National and International Brokerage and Banking accounts.
Q: What is the status of the Alluvia shares owned by the Company – are they of any value and has the repurchase of the 10% by Amarant happening?
A: Medinah Minerals, Inc. owns 51% of the 90 million security shares of Alluvia Mining Ltd. deposited into its Swedish Brokerage account. On March 13, 2013, Alluvia reported its application to trade Alluvia shares on the “GXG” markets on or about the end of March 2013. This allows shareholders/investors to trade on a regulated market place (refer to Alluvia Mining website at www/alluviamining.com/investors-media/news).
Q: Activities now and contemplated at the Jota properties in the next few months. Do we have a contract with the TV show Gold Rush?
A: The “Gold Rush” filming was completed independently by their production crew at the JOTA property. There is no formal contract. The JOTA "Mensuras" legal inscriptions have now been filed, approved, and exploration will commence shortly.
Q: What is transpiring with MDMN's holding of the Ciclon 1 and Ciclon ll? Are there any offers to purchase this project or are we holding on to participate in development?
A: Several joint venture proposal documents have been received to develop the Ciclon I & II properties. A decision by the principal shareholders of the property is under final review in order to determine and accept the most advantageous offer. This will be made by the end of March, 2013.
Q: Is the sale agreement for the Altos de Lipangue properties to Amarant Mining Ltd. completed?
A: As previously reported, Amarant and Medinah Mining Chile have acknowledged that all terms and conditions of the July 10, 2012 agreement have been completed. Formal transfer of titles to the 1,508 mineral claims to the Chilean sub-company of Amarant Mining Ltd. is scheduled to be finalized in Santiago, Chile in March 2013. Required payments pursuant to the contract are scheduled.
Q: Why haven't the Purchasers of the Altos de Lipangue started on the Exploration and Drilling....pursuant to what has been reported.
A: Difficulties with scheduling, permits and preparations occurred. Amarant reports that they have recommenced plans and we anticipate a revised exploration and drilling schedule announcement from the claims purchasers in short order.
Q: When can we expect to see the 2012 year-end report of the companies activities?
A: Before the end of March 2013, the Company will file its updated yearly 15c-211, with the accompanying Legal Opinion and Financials. The current Year’s 2012 Income Tax returns due March 15, 2013, have been filed with the Internal Revenue Service as to its business activities.
Q: Whatever happened to the Medinah Gold dividend shares...Are they now worthless???
A: Medinah Gold dividend shares were issued in 2001. Medinah Gold is in the process of merging with American Sierra Gold, Inc. which trades as symbol: AMNP, on the OTC Bulletin Board, on a 1:1 share exchange. As Medinah Minerals, Inc. owns in excess of 10 million shares, this is excellent news for Medinah Minerals, Inc. Medinah Gold dividend shares will soon have significant value.
Q: Does the company anticipate any more mining acquisitions during calendar year 2013.
A: Possibly. The Company continues to actively examine potential acquisitions of properties of merit.
Q: Status of Bogdin Borkowski litigation....
A: The Bogdan Borkowski litigation activity is proceeding through the higher Chilean Courts. It has been an exhausting series of appeals, but the termination of all remaining stalling tactics have been completed. We are informed that the Chilean Court will soon make a "final" determination as to restitution or replacement of shares formula favoring the plaintiff, Señor Quijano. Results will be reported when received from the courts.
Q: What is the company doing regarding wire press releases to the brokerage community?
A: The Company will only utilize Wire Press and/or wwww.otcmarkets.com releases to the Brokerage community for verifiable and significant development information. Medinah Minerals, Inc. does not utilize any promotional or investor relations companies to disseminate information. Any information offered on unauthorized sites other than the official www.medinah-minerals.com site are unsubstantiated and without merit.
Q: Concern about the company issuing new stock?
A: The Company’s policies, continue to be as in past years, to judiciously issue shares only as circumstances warrant, and that benefit shareholder aspirations, long term.
Q: Can we visit mine site?
A: The Compañia Minera LDM Chile and the Altos de Lipangue mining properties are both protected with locked gates and caretakers for security purposes. These properties are all accessible via several mining roads upgraded for transportation and shipping. Prior notification for visitation to any of the sites would be mandatory and subject to availability of personnel for escort.
http://www.medinah-minerals.com/qanda.html
Q: Does Medinah Minerals, Inc. have its own Brokerage Account? Banking Account?
A: Yes. Medinah Minerals, Inc. maintains its own National and International Brokerage and Banking accounts.
Q: What is the status of the Alluvia shares owned by the Company – are they of any value and has the repurchase of the 10% by Amarant happening?
A: Medinah Minerals, Inc. owns 51% of the 90 million security shares of Alluvia Mining Ltd. deposited into its Swedish Brokerage account. On March 13, 2013, Alluvia reported its application to trade Alluvia shares on the “GXG” markets on or about the end of March 2013. This allows shareholders/investors to trade on a regulated market place (refer to Alluvia Mining website at www/alluviamining.com/investors-media/news).
Q: Activities now and contemplated at the Jota properties in the next few months. Do we have a contract with the TV show Gold Rush?
A: The “Gold Rush” filming was completed independently by their production crew at the JOTA property. There is no formal contract. The JOTA "Mensuras" legal inscriptions have now been filed, approved, and exploration will commence shortly.
Q: What is transpiring with MDMN's holding of the Ciclon 1 and Ciclon ll? Are there any offers to purchase this project or are we holding on to participate in development?
A: Several joint venture proposal documents have been received to develop the Ciclon I & II properties. A decision by the principal shareholders of the property is under final review in order to determine and accept the most advantageous offer. This will be made by the end of March, 2013.
Q: Is the sale agreement for the Altos de Lipangue properties to Amarant Mining Ltd. completed?
A: As previously reported, Amarant and Medinah Mining Chile have acknowledged that all terms and conditions of the July 10, 2012 agreement have been completed. Formal transfer of titles to the 1,508 mineral claims to the Chilean sub-company of Amarant Mining Ltd. is scheduled to be finalized in Santiago, Chile in March 2013. Required payments pursuant to the contract are scheduled.
Q: Why haven't the Purchasers of the Altos de Lipangue started on the Exploration and Drilling....pursuant to what has been reported.
A: Difficulties with scheduling, permits and preparations occurred. Amarant reports that they have recommenced plans and we anticipate a revised exploration and drilling schedule announcement from the claims purchasers in short order.
Q: When can we expect to see the 2012 year-end report of the companies activities?
A: Before the end of March 2013, the Company will file its updated yearly 15c-211, with the accompanying Legal Opinion and Financials. The current Year’s 2012 Income Tax returns due March 15, 2013, have been filed with the Internal Revenue Service as to its business activities.
Q: Whatever happened to the Medinah Gold dividend shares...Are they now worthless???
A: Medinah Gold dividend shares were issued in 2001. Medinah Gold is in the process of merging with American Sierra Gold, Inc. which trades as symbol: AMNP, on the OTC Bulletin Board, on a 1:1 share exchange. As Medinah Minerals, Inc. owns in excess of 10 million shares, this is excellent news for Medinah Minerals, Inc. Medinah Gold dividend shares will soon have significant value.
Q: Does the company anticipate any more mining acquisitions during calendar year 2013.
A: Possibly. The Company continues to actively examine potential acquisitions of properties of merit.
Q: Status of Bogdin Borkowski litigation....
A: The Bogdan Borkowski litigation activity is proceeding through the higher Chilean Courts. It has been an exhausting series of appeals, but the termination of all remaining stalling tactics have been completed. We are informed that the Chilean Court will soon make a "final" determination as to restitution or replacement of shares formula favoring the plaintiff, Señor Quijano. Results will be reported when received from the courts.
Q: What is the company doing regarding wire press releases to the brokerage community?
A: The Company will only utilize Wire Press and/or wwww.otcmarkets.com releases to the Brokerage community for verifiable and significant development information. Medinah Minerals, Inc. does not utilize any promotional or investor relations companies to disseminate information. Any information offered on unauthorized sites other than the official www.medinah-minerals.com site are unsubstantiated and without merit.
Q: Concern about the company issuing new stock?
A: The Company’s policies, continue to be as in past years, to judiciously issue shares only as circumstances warrant, and that benefit shareholder aspirations, long term.
Q: Can we visit mine site?
A: The Compañia Minera LDM Chile and the Altos de Lipangue mining properties are both protected with locked gates and caretakers for security purposes. These properties are all accessible via several mining roads upgraded for transportation and shipping. Prior notification for visitation to any of the sites would be mandatory and subject to availability of personnel for escort.
http://www.medinah-minerals.com/qanda.html
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