Last Updated: December 24, 2025
Frequently Asked Questions for Shareholders
DISCLAIMER: The information on this page is for general informational purposes only and is subject to change. It does not constitute legal, tax, or financial advice and should not be relied upon as such. Nothing on this page should be interpreted as encouraging any person to buy, sell, or hold securities. No attorney-client, fiduciary, or advisory relationship is created by your use of this website or any communication with the Receiver. For advice about your specific situation, please consult your own attorney, tax professional, or financial advisor. All statements regarding the receivership process, timing, and distributions are subject to Court approval and may change based on circumstances.
What is happening to Medinah Minerals, Inc.?
On December 18, 2025, the District Court, Clark County, Nevada appointed Pub Sec AI LLC as Receiver for Medinah Minerals, Inc. A receiver is a court-appointed fiduciary to the Court and the receivership estate who takes control of a company’s assets, pays allowed claims, and, if assets remain, may seek Court approval for a distribution to shareholders.
Based on currently available records (subject to verification), Medinah’s primary assets are shares of Auryn Mining Corporation (AUMC) and American Sierra Gold Corp (AMNP). The Receiver will secure these assets, process any creditor claims, and then, subject to Court approval and if assets remain after payment of valid claims and costs, seek approval for a distribution to Medinah shareholders. No distribution is guaranteed.
Will there be any shareholder distribution, and what form could it take?
No distribution is guaranteed. If estate assets remain after payment of allowed creditor claims and administrative expenses, the Receiver may seek Court approval for a distribution to shareholders. Any such distribution would be subject to Court approval and other conditions beyond the Receiver’s control. There is no assurance that any distribution will occur or, if it does, what form or amount it will take.
Any potential distribution may be made in cash, securities, or other property, and may be subject to restrictions, transfer agent processes, brokerage custody limitations, and Court-approved procedures.
If a distribution is approved, the amount per MDMN share would depend on:
- The total assets held by Medinah at the time of distribution
- Any shares sold or used to pay valid creditor claims and administrative costs
- The total number of MDMN shares outstanding (approximately 2.88 billion, based on currently available records and subject to verification)
- Other factors that may arise during the receivership
If and when the Court approves any Distribution Plan, details will be posted on this website.
When will I receive my distribution?
We cannot provide a specific date at this time. The process involves several steps, all subject to Court approval:
- Claims Process (current): Creditors must file claims by the bar date (the bar date will be posted on the Creditors page once finalized)
- Claims Determination: Receiver determines which claims are allowed
- Administration of Receivership: Receiver may sell some shares to pay allowed claims and costs
- Court-Approved Distribution Planning: If assets remain, Receiver may propose distribution plan; Court decides
- Distribution: If approved by Court, assets distributed to MDMN holders
No timeline can be guaranteed. The Receiver cannot predict how long this process will take. It may be affected by claims disputes, litigation, administrative matters, third-party cooperation, Court scheduling, and other factors beyond the Receiver’s control. Updates will be posted on this website as available.
Do I need to do anything to receive my shares?
No action is currently required from shareholders. Shareholders do NOT need to file a proof of claim to be eligible for any potential distribution.
Important Exception: If you are owed money by Medinah (e.g., unpaid fees, loans, advances, or other amounts), you ARE a creditor and MUST file a Proof of Claim by the bar date to preserve your creditor claim. See the Creditors page for details.
If you own MDMN shares, your ownership may be reflected through:
- Your brokerage account (beneficial ownership / street name), or
- The transfer agent (direct registration / certificates)
If a distribution is approved by the Court, the Receiver will use the company’s transfer agent records and other reliable sources, as appropriate, to implement any Court-approved distribution. The Receiver cannot guarantee that all shareholders will receive a distribution or that the process will be without complications.
What if I hold paper MDMN stock certificates?
If you hold physical MDMN stock certificates, you may be registered with the transfer agent. If a distribution is approved, shareholders of record would receive their distribution based on transfer agent records.
If your contact information has changed, please contact us at receiver@medinahreceiver.com so we can attempt to update records.
If you have lost your certificates, you may need to work with the transfer agent to address that issue. Contact us for general guidance, but the Receiver cannot guarantee resolution of certificate issues.
Who is the Receiver and who controls Medinah now?
Pub Sec AI LLC, a Virginia limited liability company, has been appointed by the District Court, Clark County, Nevada as Receiver and has assumed control of Medinah’s assets pursuant to Court order.
The Receiver is a fiduciary to the Court and the receivership estate, acting under Court supervision. The Receiver is not a fiduciary, advisor, or attorney to any individual shareholder or creditor.
For details, see the Court Filings page.
Can I buy or sell MDMN shares?
MDMN shares may trade on the OTC grey market. The Receiver has no involvement in trading activity and cannot provide advice on buying or selling. Any trades are between buyers and sellers and their brokers. Consult your broker for information about trading.
What is the record date for any distribution?
If the Court approves a distribution plan, a record date will be established at that time. Shareholders of record as of that date would be eligible for any distribution. The record date has not yet been set. Details will be posted on this website when available.
Will Medinah continue as a company?
The Receiver’s objective is to wind up Medinah’s affairs in an orderly, Court-supervised process. If the Court approves a distribution and closeout of the estate, shareholders would thereafter own any distributed property directly rather than through Medinah.
The ultimate disposition of the company—whether dissolution, other restructuring, or otherwise—is subject to Court direction and approval. The Receiver will seek Court instructions as appropriate.
How much would a distribution be worth?
The Receiver cannot provide financial advice, projections, or any estimate of value. No distribution is guaranteed. If a distribution occurs, its value would depend on many factors, including:
- Whether sufficient assets remain after paying allowed claims and costs
- The amount and type of property (if any) distributed per MDMN share
- The market price of any distributed securities at the time (if applicable)
- Restrictions on any distributed securities that may affect marketability
- Your individual tax situation and cost basis
Please consult your own financial and tax advisors. The Receiver makes no representations regarding the value of any potential distribution.
Where can I see official Court documents?
All Court filings are posted on our Court Filings page, including:
- Order Appointing Receiver
- Future orders as they are entered
Will there be taxes on a distribution (if one occurs)?
You may have tax obligations if you receive a distribution. A liquidating distribution is generally treated as a return of capital to the extent of your cost basis, with any excess treated as capital gain. However, tax treatment depends on the form of distribution (cash, securities, or other property) and your individual circumstances, including:
- Your cost basis in MDMN shares
- The fair market value of shares received
- Your personal tax situation
We strongly recommend consulting a tax professional and, if appropriate, your own attorney before and after receiving any distribution. If a distribution occurs, the Receiver may provide general tax information to the extent practicable, but this information will not constitute tax advice and should not be relied upon as such.
How can I protect myself from scams?
Beware of scams. Receiverships can attract impersonators. The Receiver will never ask you to send money, cryptocurrency, gift cards, wire transfers, or provide passwords or account credentials. All official communications come only from @medinahreceiver.com email addresses. If you receive a suspicious communication claiming to be from the Receiver, do not respond and report it to us at receiver@medinahreceiver.com.
I have more questions. What should I do?
See the Contact page. Check this website regularly for updates.