Medinah Starts Q/A on Website:
Jul 10th, 2007 by admin
http://www.medinah-minerals.com/Q_A_Website.html
RESPONSE TO SHAREHOLDERS
Q&A WEBSITE
July 05 to July 10, 2007
Management of Medinah Minerals, Inc. is pleased with the responses via the Emails received by the Company since the posting of the invitation on our Website. We will answer the most commonly asked questions, in no particular order.
Q) Does the company anticipate concluding a Joint Venture Agreement with a major mining company this summer?
A) The company President, Juan José Quijano Fernández is in active negotiations with more than 12 corporations, several of which are combined proposals. Management is working as quickly as possible to finalize one agreement. With 12 companies involved, projecting a finish date is difficult. We will, however, conclude this agreement in the best way possible in the given circumstances and hope that this will be in the nearest timeline.
Q) Does Medinah file yearly statements with the IRS?
A) Medinah posts annual financial statements (unaudited) on the Website and files the statements with all applicable regulatory authorities.
Q) Why haven’t the SAT photos and IP results been posted on the Website as promised months ago?
A) A summary of the reports has been posted from time to time on the Website. The technical reports themselves are very difficult and costly to reproduce in a format for the Website. Any shareholder who requires one of these reports would be provided a copy by remitting the reproduction costs.
Q) The website posted financials show current liabilities ending December 31, 2006 of $142,005 and long-term debt of over $600,000. What is the current outstanding debt of Medinah and who is this owed to?
A) The June 30, 2007 interim financial statements will be posted on the Website shortly with an addendum detailing the current and long-term debts at that time.