	winley buys land from m d c holdings inc mdc winley home builders inc said it completed a land purchase agreement with m d c holdings inc mdc for dlrs in notes and preferred stock the company said it bought lots in colorado from richmond homes ltd an m d c unit in return for dlrs in promissory notes and dlrs in preferred stock the company said m d c has an option to convert winley preferred stock into pct winley common in a year reuter 
