LAS VEGAS--(BUSINESS WIRE)--Medinah Minerals, Inc. (OTC PINK: MDMN) today announced that its Board of Directors has named Vittal Karra as the Company’s new President and Board Director, effective October 1, 2014.
Mr. Karra is a long-time Medinah Minerals shareholder. In order to prepare and familiarize himself with his new management responsibilities, and in an effort to further his first-hand knowledge of Medinah Minerals properties, Mr. Karra recently completed an extensive fact finding visit to South America, which included the countries of Chile and Peru.
“Vittal Karra is a successful business executive who has a vast array of business management experience in many diverse corporations. He is a passionate humanitarian with a fervor to excel in networking and creating profitable business enterprises. Mr. Karra brings a wealth of knowledge and business acumen to the Company, and he will greatly enhance and augment the short and long term corporate goals of the organization. Mr. Karra has a competitive spirit and a sharp focus for the future aspirations of the Company. His organizational skills will be effective in strengthening the growth positioning of Medinah Minerals, Inc. in the mining industry,” stated Board Member and Secretary Gregory A. Chapin.
Mr. Karra stated, “My leadership and Board work will draw on my corporate experience to build enduring value for Medinah Minerals. In a world that is constantly in need of natural resources to sustain the growth and development of world economies, the foundational needs are often met by mineral resources. Much of the value of a mining company is its ownership of rich mineral claims. This value is further enhanced when the mineral claims are proven.
“Yes, there have been failed deals and past failures. But both the individual world and the corporate world are full of lessons, for all of us, where, despite setbacks and failures, success has triumphed. It's time we focus our energies on the now and a future that charts to be full of opportunities.
“During my recent fact finding mission to the countries of Chile and Peru, I had the opportunity of being accompanied and guided by Mr. Juan Jose Quijano during my visit to the Altos de Lipangue, the LDM and the NUOCO groups of claims. To tread the beautiful mountain, to see and touch the rich mineralization, and to observe the variety of rock formations and ore stockpiles was an incredible and exhilarating experience. It resulted in giving conviction to a purpose, to a mission, to transform Medinah Minerals into a world class mining company.
“I am humbled at the task and responsibility given to me in assuming the role of President and joining the Board. I am equally motivated and passionate about instituting and deploying the world's best practices to monetize the true value of Medinah Minerals, and thus benefit all the different stake holders, from the largest to the smallest."
Outgoing Board Director Kyle R. Kirkland has resigned effective September 30, 2014, to focus on other professional demands. Management and the Board wishes to thank Mr. Kirkland for his astute contributions during his tenure.
Dennis B. Tenney, CEO
Medinah Minerals, Inc.