Why are all the officers of Auryn Mining Corp. addressed in Indianapolis, IN?
I was wondering the same thing.
I would assume our MDMN shares just took a hair cut.
https://aurynminingcorp.com/cerro-dorado-inc-announces-reverse-split-name-change-and-symbol-change/
Re: Officers, that’s the official address to reach them. They’re not going to give out their personal international address.
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As of 2018 that was a dental office.
Does Nevada Registration list authorized common share count only? What about preferred shares?
I wonder if Cerro/AURYN applied some time ago as an Emerging Growth Company as was surmised some time ago. There was a good reason for bringing Matheau J. W. Stout on board for council with CDCH. Was an F-1 filing submitted and approved?
An Emerging Growth Company is exempt from the requirement to obtain an auditor attestation report on internal controls over financial reporting.
http://otclawyers.com/tag/foreign-company-s-1/
Do we have to do anything on our brokerage side? Or will our shares that we hold now automatically appear under the new ticker?
I don’t blame them given all the accusations of scam and all the past associations. I’d rather see them have actions complete then notify us, rather than give many forward looking statements. I was involved in early discussions with counsel on what was necessary to make this happen. In the current environment, doing this with FINRA wasn’t a cake walk.
As far as the plan, Auryn Mining Chile SpA spelled this all out in December.
aurynmining.com/auryn-sells-mining-claims-cerro-dorado-inc/
As the majority owner of Cerro, we look forward to working with current Cerro management. This includes the following:
- Creating a management team and Board of Directors suitable for an exploration company intent on becoming a junior and major mining company.
- Launching a massive exploration program on the Altos de Lipangue mining district including entering JV agreements with companies that have the specific expertise necessary for exploring and mining the variety of targets we believe we have in the district.
- Focusing our resources on becoming an active gold producer by reopening the Fortuna gold mine and actively exploring and mining the gold veins found in the Larissa tunnel.
- Subject to regulatory approval, consolidating the capital structure, changing the name of the company, and moving to a higher exchange or tier on the OTC.
They just received the regulatory processing.
It doesn’t say the order of when they will accomplish what. Perhaps they’re working from bottom to top. 
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Nothing to do.
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If you have MDMN shares, nothing changes. If you have CDCH shares, tomorrow they will be diluted to the new amounts and you will be trading as CDCHD
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Thank you! Great news today all!
Distribution of MDMN into CDCH shares has always been based on a pro rata percentage ownership basis of AURYN after all liabilities of Medinah are settled. Remains to be seen when this distribution will occur. Is there now a trading halt in Medinah? Has a NOBO list been ordered as of the close of trading today? If so, it would explain why there was no pre-announcement of the CDCH 100:1 RS. This would be very beneficial for all current MDMN shareholders. I would welcome this news!
Easy, this has nothing to do with Medinah. No reason for a trading halt. Any distribution from Auryn Mining Chile won’t occur until the restriction on the CDCH (soon to be AUMC) shares are lifted, IMO.
No need for Medinah to do anything. Medinah will get shares in AURYN Mining Corp when AURYN Mining Chile SpA distributes them. Medinah will then distribute those shares pro rata and be done. IMO, this was all posted in December of 2017. It will take until this December or maybe some time after (depending on how quickly they can get regulatory approval) to do so.
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Complaints and accusations are never a good excuse for not doing the right thing! If they kept us inform there would not be all those complaints and accusations to begin with. So penalizing the many for the actions of the few is really not very professional. JMO
So per 1M shares of Mdmn equals 580,000 shares of cdch now converting to 5800 shares of new entity.
I don’t care how many shares we convert to as long as assigned value is fair and appreciates.
Nice to see something happening
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Does anyone have an idea of what the CDCHD will open at tomorrow?
Given the exchange, the shareholder base, the past actors, and the resources available, my preference is the current approach.
No worries regarding your seeing it differently. Not everyone needs to see it the same way. I don’t think there is a right or wrong approach in this case.
Regardless of your opinion or my opinion, this is how the controlling parties have decided to roll for the time being. So that’s how it will be.
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Hard to predict market reaction but it should simply be about 100 times the closing price mathematically or about .46
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I realized that and I just thought they would take the higher ground and disappointed they do not. Yes it is what it is and not necessarily what it should be. Like I stated before there is never a good excuse for not doing the right thing, because it always turns around to bite you! Let’s agree that we simply have a big difference of opinion on what should been done and how.
Cerro Dorado, Inc. Announces Reverse Split, Name Change, and Symbol Change
Press Release | 08/13/2018
Cerro Dorado, Inc. (OTC: CDCH) is pleased to announce that pursuant to FINRA Rule 6490, FINRA has processed our request for a reverse split, name change, and symbol change. Full details are available on FINRAs Daily List page (OTC Data)
Effective August 14, 2018, we will trade as AURYN Mining Corporation with the ticker symbol, CDCHD, for a twenty-day period. After that we will trade under our new symbol on the OTC Pinks, AUMC. The new CUSIP is 05208V100.
With the implementation of a 100-to-1 reverse split, AURYN Mining Corporation has 70,000,000 common shares authorized and issued, and 5,000 preferred shares authorized and issued.
Further announcements are pending and will be posted on our new website, https://aurynminingcorp.com.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of the United States Securities Exchange Act of 1934, as amended. This forward-looking information includes, or may be based upon estimates, forecasts and statements of managements expectations with respect to, among other things, the completion of transactions, the issuance of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining or milling charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially and substantially from those anticipated in such statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
Contact Information
AURYN Mining Corporation
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