LAS VEGAS--(BUSINESS WIRE)--Medinah Mining Chile has now been restructured in order to facilitate a new Joint Venture Agreement. Medinah Minerals, Inc. (OTC/PINK: MDMN) has contractually purchased 100% of the ownership shares from each of the parties of Medinah Mining Chile. Medinah Mining Chile has acquired twenty-one additional properties, including 100% ownership of the entire Gordon breccia. The consolidation of these claims now formulate the definition of certain properties identified as the Altos de Lipangue group of breccia claims to be entered into the Joint Venture Agreement.
The trade of all of the outstanding shares of Medinah Mining Chile to Medinah Minerals, Inc. was transacted by the issuance of 35 million non-voting Restricted Class “C” Preferred Shares of Medinah Minerals, Inc.