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RESPONSE TO SHAREHOLDERS
Q&A WEBSITE
September 7, 2007
We continue this week with answering the most commonly asked
questions, in no particular order.
Q) “Several years ago there was
an effort by a group of Medinah shareholders to encourage
everyone to register their shares and obtain paper certificates.
Do you currently believe there is any benefit for shareholders
to register their shares? If so, can you explain how share
registration may benefit shareholders individually, or
benefit the company? Are there any new developments from
Medinah Gold? When do you expect its shares to begin trading?”
A) There are numerous reasons to register shares that benefit
both the shareholder and the Company. If you do not register,
the Company cannot send you information via mail (a Corporate
requirement) for Annual General or Special meetings. You
cannot vote at such meetings and it is very difficult to
distribute directly to the shareholder any stock or cash
dividend.
When Medinah completed the stock callback in 2002, we located
over 3,000 shareholders previously unknown to the Company.
The Directors of Medinah Gold are actively progressing with
their new property and preparing the necessary documentation
for a trading application. I cannot give you a definite time
frame.
Q) “Are you on the way to Chile
today? If the answer is no I am then asking the same question
every day until you say yes. So many rumors so little truth
in those rumors.”
A) The Company’s policy is, and always has been, that
nothing is factual until posted on the Company’s official
website. Rumours are just that and nothing more.
Q) “Any possible way you can
update us through the website as to current JV talks and
when you will be leaving for Chile? You have a ton of shareholders
on the edge holding on for you to complete this. I think
it would be a good thing so they wont sell in the last
hour. Thank you have a safe trip.”
A) Negotiations are continuing on a daily basis with the
potential Joint Venture participants and we will travel to
Chile to review the proposals at the appropriate time.
Q) “Is shareholder approval necessary
to complete a JV?”
A) The Directors were given instructions from the Shareholders
at the AGM to complete a Joint Venture/Sale Agreement as
soon as possible on terms acceptable to the Directors. Any
completed agreement will be fully discussed at the next AGM
of Medinah.
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