Business
AUGEN CAPITAL COMPLETES $1 MILLION PRIVATE PLACEMENT AND SHARES FOR DEBT TRANSACTION
Mar. 29, 2011 (Canada NewsWire Group) -- Shares outstanding: 77,837,039 TORONTO, March ...
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n Mar. 29, 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: 77,837,039\n\n\nTORONTO, March 29 /CNW/ - Augen Capital Corp. ("Augen" or "the Company") (TSXV: AUG) is pleased to announce it has closed its previously announced\n non-brokered private placement financing raising aggregate gross\n proceeds of $1,000,000.  On closing, Augen issued 12,500,000 units ("Units") at $0.08 per Unit.  Each Unit consists of one common share ("Share") of the Company and one common share purchase warrant ("Warrant").  Each Warrant entitles the holder to acquire an additional Share for\n a period of two years from the closing date, exercisable at a price of\n $0.15 per Share in year one, and at a price of $0.25 per Share in year\n two, subject to the right of the Company to accelerate the expiry date\n in certain circumstances based on the trading price of the Shares.\n\n\nThe Company paid cash finder's fees totaling $80,000 and issued 1,000,000 compensation warrants to registrants in connection\n with the closing of the financing.  Each compensation warrant entitles\n the holder to acquire one Share of the Company at a price of $0.08 per\n Share for one year from the closing date.  The net proceeds of the\n financing will be used to fund general working capital of the Company.\n\n\nCertain directors and officers of the Company purchased 2,937,500 Units\n under the financing.\n\n\nAll securities issu...