Business
Shareholder Update - July 21, 2011
Shareholder Update - July 21, 2011.
About this update from Medinah Minerals, Inc.
[{"type":"text","content":" Normal 0 false false false EN-CA X-NONE X-NONE MicrosoftInternetExplorer4 Normal 0 false false false EN-CA X-NONE X-NONE MicrosoftInternetExplorer4 SHAREHOLDER UPDATEJuly 21,2011DearShareholders:The old \"PinkSheets\" Company has changed their name to OTC Markets. Medinah Minerals, Inc. (MDMN) quotes are on OTC Markets' website located at www.otcmarkets.com. Medinah Minerals, Inc. quotes are also available from a multitude of other sites or from your own broker. Medinah Minerals, Inc. (USA) is a free-trading stock and shareholders may buy, sell, or hold their shares at their own discretion. The Company does not promote or utilize any service to feature the stock. For the information of our shareholders, we have posted the OTC Markets report for the week ending July 15, 2011. This report shows Medinah’s weekly and quarterly data as well as a current list of active Market Makers.The POLO claims are located approximately 900 kilometers south of Santiago, Chile. Medinah Minerals, Inc. (USA) owns a 15%carried interest in the project, but is not an active participant in the ongoing negotiations involving the parties; Señor Juan José Quijano Fernández and International Copper Company Chile (ILCC). The ILCC lawyers are now documenting a contract pursuant to the terms as posted on the Medinah Minerals, Inc. website dated April 15, 2011. On September 17, 2009, we posted one of the official Chilean Mining \"Certificado's\" showing Medinah Minerals,Inc. (USA)’s ownership interest in the POLO claims.Documentation and verification of claims, etc., have been presented to interested parties to try and bring forward \"Letters of Intent\" on the Poniente, Oriente, andSur properties that are in proximity to the Alto de Lipangue location. These proposed LOI’s, if completed, willconsist of small cash down payments and semi-annual payments over a 3-year term, with the end price to be determined at the conclusion of an intensive exploration program. Medinah Minerals,(Chile) S.A. retains the predominant ownership interest in each of these property holdings. Medinah Minerals,Inc. (USA) will receive an, as yet, unspecified carried percentage interest in each of these holdings, when completed. The Joint Venture Agreement, which Medinah Minerals (C...