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by Mike Caswell

Medinah Minerals Inc. has accused its former chief executive officer, North Vancouver's Les Price, of carrying out unauthorized and fraudulent transactions. The company also claims that he forged a number of documents over an extended period of time. The forgeries related to the shares and assets of Medinah, the company contends.

The statements by Medinah come in response to an unpaid debt lawsuit that Mr. Price filed against the company in the Supreme Court of British Columbia on Oct. 18, 2016. He claimed that Medinah owed $2,017,066 to a private entity that he controlled, GXK Ventures Inc. (All figures are in U.S. dollars.) GXK paid Medinah's bills over a nine-year period, but received no reimbursement, the suit claimed.

Medinah has now answered that lawsuit, and it says that it does not owe any money. In a response filed on Thursday, Nov. 24, the company denies that GXK advanced any amounts on Medinah's behalf. It also denies authorizing or approving any such advances. It further says that it never acknowledged owing money to GXK.

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