Business
Letter from the President - December 22, 2006
Letter from the President - December 22, 2006.
About this update from Medinah Minerals, Inc.
[{"type":"text","content":"Dear Shareholders:\r\n\r\nI was very pleased to meet so many of you at our AGM on September 23 as well as have an opportunity to address your concerns and set forth the goals of the company.\r\n\r\nI discussed several prospective Joint Venture Agreements and various prospects regarding the Alto de Lipangue property\r\n\r\nSeveral factors prolonged the completion of the Joint Venture Agreement, some of which are:\r\n\r\n1.\tSeveral legal questions arose that had to be resolved. Those problems are now behind us and have been satisfactorily concluded.\r\n\r\n2.\tSignificant additional geological information regarding the properties was requested by the interested parties and has now been provided and assessed.\r\n\r\n3.\tThe complications of working with several entities as owners of the different properties had to be resolved and keep the Joint Venture property as a single entity.\r\n\r\n4.\tThe value of additional new properties adjacent to Lipangue had to be assessed as to possible increase of acquisition values. Detailed satellite imaging and mapping has concluded.\r\n\r\n5.\tCoordinating scheduled meetings with Joint Venture executives and their busy agendas led to time delays as we are involved with various major companies, each of which have their own geological staffs and Abogados.\r\n\r\nPlease allow me to assure you that we are all working to the best of our abilities to conclude a meaningful Joint Venture Agreement with a group of the major parties interested in our properties. Each day the demands placed upon major resource companies adds value and negotiating power to our position. We will reach our goals.\r\n\r\nJuan Jos? Quijano Fern?ndez\r\nPresident\r\n","length":1649,"tagName":"div"}]