Medinah Energy Inc. Receives Shareholder Approval for Acquisition.VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 19, 1997-- Medinah Energy Inc. reports that shareholder approval has been received for the acquisition of the assets of Sierra la Plata S.A. as announced August 9, 1997. The Company is a Chilean incorporation and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Frontier International Resources Inc. The plan calls for the issuance to Frontier of 30,000,000 shares in the capital stock of Medinah Energy Inc. to acquire 100% of the assets of Frontier which include properties in Andacollo and Copiapo, Chile and Babine Lake Babine Lake is the longest natural lake in British Columbia, Canada. Babine Lake is located northeast of the town of Burns Lake in central British Columbia, some 177 km (110 mi) west northwest of the city of Prince George. , Canada. The Andacollo property consists of approximately 7 square kilometers of ground in one of the best known gold camps in Chile. The Copiapo group of properties known as the Monta Milagrosso, Mina Claudia, consist of 2000 hectares with a potential in excess of 50 million tonnes of copper ore. The Babine Lake property is located in the historic Granisle copper district in British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Canada. Medinah Energy Inc., MDIN, will hold an 80% and NP Energy Corporation, NPEC NPEC National Postsecondary Education Cooperative NPEC Nonproliferation Policy Education Center NPEC Nonprofit Enterprise Center (El Paso, TX) , holds a 20% interest in these properties. On behalf of the board of directors Per: Larry Regis, President CONTACT: Investor Relations Investor relations The process by which the corporation communicates with its investors. : Dave DiRicco, 415-261-9608 |
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