Last Updated: December 21, 2025
Receivership Process Overview
This page provides a general overview of the receivership process. All steps are subject to Court approval and may change based on circumstances. Nothing on this website constitutes legal, tax, or investment advice. Nothing on this website should be interpreted as encouraging any person to buy, sell, or hold securities.
Phase 1: Asset Control
Status: In Progress
The receiver is in the process of taking control of Medinah Minerals, Inc.’s assets pursuant to Court order, including assets of the company, control of corporate accounts and records and coordinating with the transfer agent and other parties as necessary.
Phase 2: Claims Process
Status: In Progress
Under Nevada law (NRS 78.675), creditors must file claims by the bar date to be considered for payment from estate assets.
- Notice to Creditors: Will be provided to known creditors and published for unknown creditors
- Claims Bar Date: Established by the Court’s Order (see Creditors page for details)
- Proof of Claim Form: Available on the Creditors page
Claims not filed by the bar date may be barred.
Phase 3: Claims Determination
Status: Upcoming
The Receiver will review all timely-filed claims and determine which claims are allowed or disallowed. Claimants whose claims are disallowed in whole or in part will be notified and may have an opportunity to object to the Court.
Phase 4: Administration of Receivership
Status: Pending
The Receiver may, subject to Court approval, sell or otherwise monetize estate assets to:
- Pay allowed creditor claims
- Pay administrative expenses
- Fund receivership operations
The form and timing of any monetization is subject to Court approval and market conditions.
Phase 5: Court-Approved Distribution Planning (if any)
Status: Pending
If, after payment of allowed claims and administrative expenses, assets remain available for shareholders, the Receiver may seek Court approval for a distribution plan.
Important:
- No distribution is guaranteed
- Any distribution may be in cash, securities, or other property
- Any distribution may be subject to restrictions, transfer agent processes, brokerage custody limitations, tax reporting, and Court-approved procedures
- The form, timing, and mechanics of any distribution are subject to Court approval
Details will be posted if and when a distribution plan is proposed and approved.
Phase 6: Final Report and Court-Directed Closeout
Status: Pending
Upon completion of all claims payments and any approved distributions, the Receiver will file a final report with the Court. The Court may then direct dissolution of the company, discharge of the Receiver, or other appropriate relief.
The form of closeout (dissolution, other disposition, or otherwise) is subject to Court direction.
Important Notes
- All phases are subject to Court approval and supervision
- Timelines cannot be guaranteed — The process may be affected by claims disputes, litigation, third-party cooperation, Court scheduling, and other factors
- The Receiver may seek Court instructions at any point for actions designed to preserve and maximize estate value
- Information on this page is subject to change as proceedings develop