Business
Augen Announces New Director, Grants Options
Augen Announces New Director, Grants Options.
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n\nShares outstanding: 35,915,615\n\n\nTORONTO, March 2 /CNW/ - Augen Capital Corp. (the "Company") (TSX-V: AUG)\nis pleased to announce the appointment of Mr. Eric W. Slavens, FCA to the\nBoard of Directors effective immediately. Mr. Slavens will also assume the\nrole of audit committee chairman.\n\n\nMr. Slavens is a fellow of the Institute of Chartered Accountants of\nOntario and currently serves as a member of the board of directors of Altus\nGroup Income Fund, Titanium Corporation Inc., FMF Capital Group Ltd., Canada\nIsrael Securities Limited and Heritage Toronto. Mr. Slavens has a Bachelor of\nCommerce from the University of Toronto. He was a partner of\nPricewaterhouseCoopers LLP for thirty years and was most recently the National\nLeader, IPO Services. Mr. Slavens retired from the partnership on June 30,\n2005 to act as an independent director and business consultant. He is a\ngraduate of the Directors Education Program, co-sponsored by the Rotman School\nof Management and the Institute of Corporate Directors.\n\n\nThe Company also wishes to announce that it has granted 100,000 stock\noptions to Mr. Slavens. The options are exercisable at a price of $0.55 per\nshare over a period of three years into common shares of the Company and are\nfully vested at the time of issuance. The options are subject to a four-month\nexchange hold period and regulatory approval.\n\n\nAbout Augen Capital\n\n\nBased in Toronto, Augen Capital is a merchant bank specializing in the\nfinancing of, and investment in, early stage resource companies and is an\nindustry leader in tax-advantaged flow-through investments in Canada's\nresource sectors. Augen has raised over $40 million in flow-through limited\npartnership assets in the last four years. The Company now has under\nmanagement a core portfolio of primarily emerging resource stocks, two\nResource Flow-Through Limited Partnerships, and its mutual fund, Augen\nResource Strategy Fund.\n\n\nFor more information on Augen, visit our website at www.augencc.com\n\n\nThe Company's public documents may be accessed at www.sedar.com\n\n\nThe TSX Venture has not reviewed and does not accept responsibility for\n\n\nthe adequacy or accuracy of this release.\n\n\nThis news release contains certain "Forward-Looking Statements" within\nthe meaning of Section 21E of the United States...