Medinah Minerals (MDMN) - 2017 Q3 General Discussion

Interesting, since what I thought I read in the suit is that they did give us $100,000, but we only gave them 100,000 shares of preferred stock. I probably should say they gave Les $100,000, so we probably never received it.

Same name different company?

Correct. Here’s a link to their management team… http://www.aurynresources.com/corporate/management

IMO. All lawsuits must be settled before Medinah will issue financials. Clearing up the share structure and getting current on the OTC would be a significant enough milestone to move Medinah and Auryn forward.

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2.5 million on the Ask .0043 no takers

We will be current with OTC required filings in Cerro before Medinah, but both companies are working diligently to get required filings current. I don’t think all law suits will need to be settled for Medinah before filings can be updated and accepted by OTC.

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I agree since it is easy and standard policy to footnote lawsuits. I believe they will complete all the easy stuff with the fraudulently issued shares,( like those who will return them in order to avoid legal action) come up with a current share count and also footnote any shares that are still in dispute, both common and preferred, as well as all efforts to claw them back if there is still a possibility for any further claw backs. JMO

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How do you know that?

Per Kevin’s latest update: “Further details will be available in the forthcoming financial statements.”

Definition of “forthcoming” is “planned for or about to happen in the near future.”

FYI…I don’t think the Okanadian suit was somehow settled in a vacuum since Les is completely tied in together with all the on-going litigation. I suspect there is more to the story than what was announced.

:wink:

Part of CDCH’s solicitation for funds (private placement) was to update filings and pay off some small debts. This has likely been resolved and completed, IMO. CDCH was actively clearing it’s books before the loan extension would be accepted by AURYN. I don’t think I’m reading too much into what AURYN has already released. Anyway, we’ll know something in two days: :sweat_smile:

The new deadline is July 21, 2017.
If Cerro successfully fulfills its obligations, AHC will have voting control of Cerro by virtue of its ownership of the 500,000 preferred shares that carry 1000-for-1 voting rights. In addition, Cerro’s obligations must be fulfilled before the Board of Directors is changed.
AURYN Mining Corporation

I’m sure you are correct in this. It looks to me like both MDMN and CDCH will have OTC filings current in a short time.

Go to Cerro’s discussion board. Filing has been done.

Thanks Easy. :smiley:

That is only the State of Utah filing. Basically means they paid the fee. Medinah has to do the same thing for the State of Nevada or where ever it is incorporated these days.

Exactly! Good to see state filing fee was paid, but it’s the quarterly reports filed with the OTC for CDCH (and MDMN) that need to be made current to remove the “stop” sign warning. The last filing for Cerro and MDMN was last year (15c2-11 - June 30, 2016):

Financials are out and posted:
http://www.otcmarkets.com/stock/MDMN/filings

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Do we know how many shares Les & Pamela have and when they need to be returned by? How about JJ?

Legal Proceedings
The Company has settled its legal disputes filed in Vancouver, BC with Les Price, Pamela
Fitzpatrick, GXK Ventures Inc., and MMC Mines Inc. As a result, the following lawsuits are in
the process of being dismissed with prejudice:
• Medinah Minerals, Inc. vs. Les Price, Pamela Fitzpatrick, GXK Ventures Inc., MMC
Mines Inc., et al.
• Leslie Price vs. Medinah Minerals, Inc.
• GXK Ventures Inc. vs. Medinah Minerals, Inc.
As part of the settlement, Leslie Price must turn over all of the stock he owns in any of the
following companies to the benefit of Medinah Minerals, Inc.:
• Medinah Minerals, Inc.,
• American Sierra Gold Corp.,
• Cerro Dorado, Inc.,
• AURYN Mining Chile SpA, and
Pamela Fitzpatrick must turn over all of the stock she owns in Medinah Minerals, Inc. for the
Company’s benefit.
Furthermore, Price is prohibited from communicating with the shareholders of any of the
aforementioned companies regarding any of the companies’ business affairs without
authorization.
The Company has settled its legal dispute with Okanadian Management Corp. As a result,
Okanadian has dismissed with prejudice:
• Okanadian Management Corp. vs. Medinah Minerals, Inc., Leslie Price, MMC Mines, et
al.
As part of the settlement, the Company has issued 50,000,000 shares of restricted common stock
to Okanadian Management Corp. Okanadian Management Corp has returned its 100,000 shares
of preferred stock in Medinah Minerals, Inc. to the Company.
The Company remains as a party to a legal dispute with former officer and director, Russell
G

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Good start on “check-off list.”

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So, on the Okandian deal, allegedly a scrivners error, costs us 50,000,000 shares!?! Even at today’s prices, that’s 200,000. Jesus! Did we even get the original $100k?!?!?

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I guess the next question will be, how many shares does Les and Pamela still have?

Nice to see all the legal stuff resolved! Next up hopefully we get the to watch the share count start to drop and Auryn news start to flow once more. (Oh…I guess I should add that appears that Medinah is now current with their filings…ahead of Cerro…ha! :slight_smile: )

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Yes, you are right again Mike, but Cerro won’t be far behind!
Nice seeing all that got reported:

Stock Issuance Changes 2017
Common Stock
• 03/13/2017 – 57,000,000 shares cancelled by agreement with a private investor.
• 03/13/2017 – 37,364,063 shares cancelled by gift from a former director.
• 03/13/2017 – 75,157,222 shares cancelled by gift from a former director.
• 03/13/2017 – 3,600,000 shares issued to a private investor by a conversion of 25,200 preferred shares.
• 06/21/2017 – 50,000,000 shares issued with legend to Okanadian Management Corp. in settlement of
legal dispute.
Preferred Non-Voting Stock
• 03/13/2017 – 227,000 shares cancelled by agreement with a private investor.
• 03/13/2017 – 1,600,000 shares cancelled by gift from a former director.
• 03/13/2017 – 25,200 shares converted to common stock.
• 06/06/2017 – 580,000 shares cancelled by agreement with a private investor.
Stock Issuance Changes 2016
Common Stock
• 01/15/2016 – 5,000,000 shares issued to an individual investor without legend in exchange for the conversion of free-trading preferred shares.
• 01/15/2016 – 300,000 shares issued with legend for corporate address and mailbox services.
• 04/22/2016 – 6,600,000 shares issued with legend as Directors’ compensation for Greg Chapin, Vittal
Karra, and Gary Goodin.
• 05/09/2016 – 2,090,000 shares cancelled in a return of shares from a private investor.
• 05/19/2016 – 5,000,000 shares issued with legend to a private investor at $0.01 per share.
• 06/02/2016 – 1,000,000 shares issued with legend to Michael Thomas for compensation as Advisor to
the BOD.
3
Preferred Non-Voting Stock
• 01/11/2016 – 100,000 shares issued with legend to Okanadian Management Corp at $1.00 per share.
• 01/15/2016 – 15,000 shares cancelled for conversion to common stock.
• 02/22/2016 – 25,200 shares issued with legend to a private investor at $1.00 per share.
• 03/24/2016 – 20,000 shares issued with legend to a private investor at $1.00 per share.
• 04/11/2016 – 100,000 shares issued with legend to a private investor at $1.00 per share.
• 04/13/2016 – 20,000 shares issued with legend to a private investor at $1.00 per share.
• 04/19/2016 – 10,000 shares issued with legend to a private investor at $1.00 per share.
• 05/09/2016 – 20,000 shares issued with legend to a private investor at $1.00 per share.
• 06/06/2016 – 20,000 shares issued with legend to a private investor at $1.00 per share.
Stock Issuance Changes 2015
Common Stock
• 01/06/2015 – 46,350,000 shares issued without legend to five investors for redemption of convertible preference shares purchased on 09/01/2006 for $0.02 per share.
• 01/16/2015 – 25,000,000 shares issued without legend to one investors for redemption of convertible preference shares purchased on 09/01/2006 for $0.02 per share.
• 02/04/2015 – 2,200,000 shares cancelled from return of Greg Chapin Directors’ compensation.
• 02/18/2015 – 20,000,000 issued without legend to one investor for redemption of convertible
preference shares purchased on 09/01/2006 for $0.02 per share.
• 03/16/2015 – 10,000,000 shares cancelled for improper issuance.
• 03/25/2015 – 20,000,000 shares issued without legend to one investor for redemption of convertible
preference shares purchased on 09/01/2006 for $0.02 per share.
• 05/08/2015 – 5,000,000 shares cancelled for improper issuance.
• 05/29/2015 – 19,000,000 issued without legend to one investor for redemption of convertible
preference shares purchased on 09/01/2006 for $0.02 per share.
• 11/05/2015 – 32,000,000 shares returned and cancelled in conversion to preferred shares.
• 11/09/2015 – 10,000,000 shares issued without legend as employee service award at $0.02 per share.
• 11/20/2015 – 2,200,000 shares issued without legend as Directors’ compensation to Vittal Karra.
• 11/20/2015 – 1,000,000 shares issued with legend as Directors’ compensation to Gary Goodin.
Preferred Non-Voting Stock
• 08/04/2015 – 50,000 shares issued without legend for to a private investor at $1.00 per share for a subscription to shares in September 2012.
• 09/25/2015 – 20,000 shares issued without legend for to a private investor at $2.50 per share for a subscription to shares in September 2012.
• 09/25/2015 – 20,000 shares issued without legend for to a private investor at $2.50 per share for a subscription to shares in September 2012.
• 11/05/2015 – 32,000 shares issued without legend to a private investor in exchange for common stock.

Also:

Legal Proceedings
The Company has settled its legal disputes filed in Vancouver, BC with Les Price, Pamela Fitzpatrick, GXK Ventures Inc., and MMC Mines Inc. As a result, the following lawsuits are in the process of being dismissed with prejudice:
• Medinah Minerals, Inc. vs. Les Price, Pamela Fitzpatrick, GXK Ventures Inc., MMC Mines Inc., et al.
• Leslie Price vs. Medinah Minerals, Inc.
• GXK Ventures Inc. vs. Medinah Minerals, Inc.
As part of the settlement, Leslie Price must turn over all of the stock he owns in any of the
following companies to the benefit of Medinah Minerals, Inc.:
• Medinah Minerals, Inc.,
• American Sierra Gold Corp.,
• Cerro Dorado, Inc.,
• AURYN Mining Chile SpA, and
Pamela Fitzpatrick must turn over all of the stock she owns in Medinah Minerals, Inc. for the
Company’s benefit.
Furthermore, Price is prohibited from communicating with the shareholders of any of the aforementioned companies regarding any of the companies’ business affairs without authorization.
The Company has settled its legal dispute with Okanadian Management Corp. As a result, Okanadian has dismissed with prejudice:
• Okanadian Management Corp. vs. Medinah Minerals, Inc., Leslie Price, MMC Mines, et al.
As part of the settlement, the Company has issued 50,000,000 shares of restricted common stock to Okanadian Management Corp. Okanadian Management Corp has returned its 100,000 shares of preferred stock in Medinah Minerals, Inc. to the Company.

and:

Furthermore, the company expects to receive shares in the following companies as a result of recent legal settlements:
• Cerro Dorado, Inc. (CDCH) – 19,300,000 shares.
• American Sierra Gold Corp. (AMNP) – 1,700,000 shares.
Once these shares are received, they will be cancelled and re-issued in the Company’s name and reported on a subsequent financial statement.

What a mess to be straightened out. No wonder it took so long! :cold_sweat:

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