Business
AUGEN CAPITAL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Mar. 14, 2011 (Canada NewsWire Group) -- Shares outstanding: 65,187,039 TORONTO, March ...
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n Mar. 14, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nShares outstanding: 65,187,039\n\n\nTORONTO, March 14 /CNW/ - Augen Capital Corp. ("Augen" or "the Company") (TSXV: AUG) is pleased to announce a non-brokered private placement of up to\n $1,000,000 through the sale of 12,500,000 Units at $0.08 per Unit,\n subject to regulatory approval.\n\n\nEach Unit will be comprised of one (1) common share ("Share") of the\n Company and one (1) Share purchase warrant ("Warrant").  Each Warrant\n will entitle the holder to acquire an additional Share for a period of\n two years from the closing date, exercisable at a price of $0.15 per\n Share in year one, and at a price of $0.25 per Share in year two,\n subject to the right of the Company to accelerate the expiry date in\n certain circumstances based on the trading price of the Shares.\n\n\nIt is anticipated that certain insiders of the Company will be\n participating in the private placement.  The proceeds of the financing\n will be used to fund general working capital of the Company.\n\n\nAll securities issued in conjunction with the offering will be subject\n to a hold period, which expires four months after closing.  Finder's\n fees may be paid in accordance with regulatory requirements.\n\n\nAbout Augen Capital \nAugen Capital Corp. ("Augen") (TSX-V: AUG) is a Toronto-based public\n merchant bank specializing in the financing of and investment in\n emerging r...