Business
AUGEN CAPITAL BOARD REFUTES MASON ALLEGATIONS
AUGEN CAPITAL BOARD REFUTES MASON ALLEGATIONS
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[{"type":"text","content":"\n\n\n\n Sep. 13, 2010 (Canada NewsWire Group) -- \n\nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\n\n Shares outstanding: 36,615,615\n \n\n TORONTO, Sept. 13 /CNW/ - Augen Capital Corp. ("Augen Capital" or "the\n Company") (TSX-V: AUG) is responding to certain allegations made by Mr.\n J. David Mason and Mr. Daniel Mason in respect of the results of Augen\n Capital's annual and special meeting held on September 8, 2010.  Mr. J.\n David Mason nominated an alternate slate of four directors from the\n floor of the meeting, but those nominees did not receive sufficient\n votes to be elected.  Instead, management's four nominees, Messrs.\n Joseph Baylis, Peter F. Chodos, Horst R. Helbig and Victor Koloshuk,\n were elected as directors together with Messrs. Conor S. Bill and\n Stephen C. Johnson who were also nominated at the meeting.  The election\n of Messrs. Bill and Johnson is not in dispute.\n \n\n Mr. Mason did not file a dissident proxy circular; although it appears\n he solicited proxies representing a significant number of shares. \n Rather than disclosing his slate of directors and his intentions for the\n Company to the Augen Capital shareholders, Mr. Mason sought to act from\n the floor of the meeting.\n \n\n Despite attending the meeting with his legal counsel, Mr. Mason alleges\n that the vote was "unfair".  Augen Capital vehemently denies this\n allegation. Mr. Chodos, the President and Chief Executive Officer of the\n Company, acted as the Chair of the meeting, in accordance with the\n by-laws of the Company and with the consent of the meeting.  Augen\n Capital's registrar and transfer agent properly tabulated the voting\n results based on ballots cast at the meeting and based on the\n instructions set forth in the proxies and voting instruction forms\n deposited.  Mr. Mason and his counsel were consulted at the meeting and\n provided with clear instructions in connection with the casting of\n ballots....