SHAREHOLDER UPDATE
March 16, 2015
Dear Medinah Minerals, Inc. Shareholders:
Medinah Minerals Inc. (“MDMN”) provides notice that the Company received a Property/Claims Share Purchase Agreement Offer from American Sierra Gold Corporation (“AMNP”) relative to its 20% ownership, Chilean reference as 200 Acciones, interest in the JOTA properties located near Iquique, Chile. This transaction was in line with recommended consolidation suggestions proposed by the Chilean Firm, C & R Consulting. AMNP Management and Board Directors (“Purchaser”) authorized a Share Purchase Offer of 20,000,000 AMNP shares as the full payment to MDMN (“Seller”) for its 20% property/claims ownership interest in the JOTA properties.
By resolution, MDMN’s Management and Board of Directors decided to accept the 20,000,000 AMNP shares in exchange for Medinah Minerals, Inc.’s 20% property ownership interest in the JOTA claims.
By the terms and conditions of the Property/Claims Share Purchase Agreement, the Seller (MDMN) shall sell, transfer and convey to the Purchaser (AMNP), its 20% ownership interest in the JOTA property claims for 20,000,000 shares of AMNP Common stock.
Subsequent to the closing, Seller is responsible to execute, properly file, and record all necessary documents with applicable Chilean authorities. Legalized instruments shall be executed by all parties to complete the transference of ownership of Medinah Minerals, Inc.’s 20% property claims ownership interest in the JOTA claims to American Sierra Gold Corporation.
Upon receipt of the 20,000,000 AMNP shares, the certificate will be placed into the Medinah Minerals, Inc. brokerage account.
Gregory A. Chapin
Secretary/Director
– Medinah Minerals, Inc.