Augen Capital Announces Rollover of Augen Limited Partnership 2007

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[{"type":"text","content":"\n\n\n\nTORONTO, April 7 /CNW/ - Augen Capital Corp. ("Augen") (TSX-V: AUG)\nannounced today that Augen Limited Partnership 2007, CUSIP No. 05104Q106 (the\n"Partnership"), will be proceeding with a transaction pursuant to which it\nwill transfer its assets to BluMont Augen Resource Strategy Fund Inc. (the\n"Mutual Fund"), an open-end mutual fund corporation, on a tax-deferred basis,\nin exchange for redeemable Class E Shares of the Mutual Fund ("Mutual Fund\nShares"). The exchange ratio will be based on the respective net asset values\nof the Partnership and the Mutual Fund at the close of business on April 30,\n2009.\n\n\nThe effective date of the Transaction (the "Effective Date") is expected\nto be April 30, 2009. Within 60 days of the Effective Date, the Mutual Fund\nShares that the Partnership will receive as consideration for the transfer of\nits assets will be distributed to the limited partners on a pro rata basis and\nthereafter the Partnership will be dissolved. A copy of the current offering\nmemorandum for the Mutual Fund is available on request from its manager,\nBluMont Capital Corporation, by e-mail at [email protected] or by\ntelephone at (866) 473-7376.\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 $80 million in flow-through limited\npartnership assets since inception. Augen holds over one hundred gold, base\nmetals and uranium exploration and development public and private companies\nwith direct holdings in its merchant banking portfolio and consulting assets\nin flow-through limited partnerships.\n\n\nFor more information on Augen Capital, visit our website at\nwww.augencc.com\n\nThe Company's public documents may be accessed at www.sedar.com\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\n%S...

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