11:45 AM EST - MDN Inc. : reported that it has acquired a 70% interest in the Ikungu project. In accordance with the agreement dated March 10, 2008, between MDN and Lakota Resources Inc. for the Ikungu project in Tanzania, MDN has achieved the level of expenses required to earn its 70% interest, and has notified its partner, Lakota, of the creation of a 70/30 joint venture partnership. The management committee will meet in September to approve the planned work program and budget. Each company must contribute to expenses in accordance with its interest or agree to be diluted in proportion to the investment. MDN Inc.
shares T.MDN are trading even at $0.32.
