Business
Augen Capital Announces 2.5 Million Unit Non-Brokered Private Placement
Augen Capital Announces 2.5 Million Unit Non-Brokered Private Placement.
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n\n\nTSX Venture: \"AUG\" - Last: $0.105\nShares outstanding: 25,284,423 \n\nTORONTO, Aug. 29 /CNW/ - Augen Capital Corp announced today the price\nreservation for a non-brokered private placement of up to 2.5 (two and a\nhalf) million units. Each unit, priced at $0.10, will consist of one common\nshare of Augen Capital Corp. and one full warrant. The warrant will entitle\nthe purchaser to obtain a common share at a price of $0.25 for 24 months\nfollowing the closing date. Finder's fees as permitted by the TSX Venture\nExchange may be paid pursuant to this private placement.\nQuest Securities Corporation has acted as finder on the private\nplacement.\nProceeds will be used to meet ongoing corporate working capital\nrequirements including but not limited to expenses related to the marketing of\nAugen Limited Partnership 2005, and the related private mutual fund managed by\nAugen Capital Corp.\n\"We are pleased to have the support of Quest in this private placement,\nas it represents a significant step for Augen toward international recognition\nas a major player in financing emerging resource companies,\" said J. David\nMason, Chairman of Augen Capital.\n\nAbout Augen Capital\nAugen Capital Corp. is a merchant bank specializing in the financing of\nearly-stage resource companies. Over a six-year period, Augen's portfolios\nhave outperformed a majority of competitive metal funds as well as the TSX\nprecious metals index. Through Augen Capital Corp., the public company,\ninvestors indirectly and directly own over 150 emerging resource companies.\nAugen Capital now has more than $20 million under management, including a\ncore portfolio of emerging resource stocks, three-resource flow-through LP's\nunder management, and its mutual fund, Augen Resource 2 Balance Fund. Augen is\nan industry leader in tax-advantaged flow-through investments in Canada's\nresource sectors. Through a distribution force of national MFDA and IDA firms,\nAugen offers high-income and high net worth individuals resource flow-through\ntax sheltering, together with exposure to mineral, oil and gas exploration\ncompanies that are selected to potentially out perform the market.\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release.\n\n%SEDAR: 00008335E\n\n\n","length":2363,"tagName":"div"}]