Business
Augen Capital Announces Management Appointments And Granting Of Stock Options
Shares outstanding: 36,615,615 TORONTO, Sept. 12 /CNW/ - Augen Capital Corp. ("Augen" or the "Com...
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n\nShares outstanding: 36,615,615\n\n\nTORONTO, Sept. 12 /CNW/ - Augen Capital Corp. ("Augen" or the "Company")\n(TSX-V: AUG) today announced three appointments to its management team.\n\n\nJ. David Mason has been appointed President and Chief Executive Officer,\nin addition to his role as Chairman of the Board of Directors. Michael D.\nHarris will continue in his role as independent Lead Director.\n\n\nMichael G. Fowler has been appointed Chief Operating Officer. Mr. Fowler\nhad been interim Chief Executive Officer since April, 2008. Mr. Fowler is also\nPresident and Chief Executive Officer of Augen Gold Corp. in which Augen\nCapital is a major shareholder.\n\n\nManish Z. Kshatriya, CA, CPA (CO) has been appointed Chief Financial\nOfficer. He had been interim Chief Financial Officer since April, 2008. Mr.\nKshatriya has also been appointed Chief Financial Officer of Augen Gold Corp.\n(TSX-V: AUJ).\n\n\nAugen also announced the granting of 100,000 stock options to J. David\nMason, and 150,000 to Manish Z. Kshatriya at an exercise price of $0.25 per\nshare pursuant to Augen's stock option plan. The options vest over three years\nand expire in five years. The issuance is subject to the Exchange four month\nhold period and regulatory approval.\n\n\nUnder the Company's stock option plan, 10% of the issued capital, or\n3,661,562 common shares, are reserved for issuance. Including the above grant,\na total of 2,250,000 options are outstanding under the stock option plan.\n\n\nAbout Augen Capital\n\n\nAugen Capital Corp. ("Augen") (TSX-V: AUG) is a Toronto-based public\nmerchant bank specializing in the financing of and investment in emerging\nresource companies. Augen manages a merchant banking hard dollar portfolio of\nemerging resource stocks including private companies and is an industry\nperformance leader in tax-advantaged flow-through investments in Canada's\nresource sector having raised over $58 million in flow-through limited\npartnership assets since inception. Augen currently has $40 million in\nflow-through investment consulting assets. Augen holds over one hundred gold,\nbase metals and uranium exploration and development public and private\ncompanies with direct holdings in its merchant banking portfolio and\nconsulting assets in flow-through limited partnerships.\n\n\nFor more informat...