Medinah Minerals, Inc. - News Release
Medinah
Minerals, Inc. - Declares Dividend
Lake
Elsinore, CA., April 20, 2001 . . . Management of Medinah
Minerals, Inc. announces a 20% share dividend to all shareholders
of the Company.
The
Board of Directors of Medinah Minerals, Inc. has declared
a stock dividend to the holders of common and preferred
shares of the Company. A dividend of two non-exempt common
shares, as fully paid, for each ten common or preferred
shares held by the respective shareholders as of close of
business April 30, 2001 shall be issued on June 1, 2001
as follows:
Registered
shareholders of Medinah Minerals, Inc., as of record date
April 30, 2001, will automatically receive by mail, dividend
shares equal to an additional 20% of the shares to which
they are registered.
Non-registered
or beneficial shareholders who have shares of Medinah Mining,
Inc. in their brokerage accounts that have not been converted
to Medinah Minerals, Inc. may qualify for their dividend
shares. They will qualify only if their brokerage firms
have complied with Medinah Minerals, Inc.’s April 4,
2001 Notice to Shareholders and instructions issued by the
Depository Trust Clearing Company and the Canadian Depository
for Securities to their participants.
All
non-registered or beneficial shareholders of Medinah Minerals,
Inc. who purchased shares in the open market after March
1, 2001 under the symbol MDMN, shall be entitled to receive
their dividend if their brokerage firm has completed settlement
of the market purchase(s) by close of business April 30,
2001 dividend date.
The
beneficial shareholders are those entities who have complied
with the Company’s requirement to surrender their shares
for exchange pursuant to Notice to Shareholders delivered
March 1, 2001. Nevada Revised Statute 78.250 operates so
as to suspend the rights of shareholders until compliance.
Pursuant to Nevada Revised Statute 78.235 beneficial shareholders
who have failed to surrender their shares for exchange or
who have failed to cause their brokerage firms to identify
them as shareholders of record through the Depository Trust
Clearing Company, will not be entitled to the declared dividend.
The
dividend shares issued shall be restricted legend shares
pursuant to the United States Securities Act of 1933.
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30 -
For
further investor information contact Investor Relations
at (604) 903-2981 or visit us online at
www.Medinah-Minerals.com
Note:
This News Release may contain certain "forward-looking
statements" within the meaning of the United States
Securities Exchange Act of 1934, as amended. All statements,
other than statements of historical fact, included in this
release, including, without limitation, statements regarding
potential mineralization and reserves, exploration results,
and future plans and objectives of Medinah Minerals, Inc.
are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such statements
will prove to be accurate, and actual results and future
could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company’s expectations are disclosed
under the heading "Risk Factors" and elsewhere
in documents filed from time to time with the United States
Securities and Exchange Commission and other regulatory
authorities.
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