Business
AUGEN CAPITAL COMPLETES $2 MILLION PRIVATE PLACEMENT
Jan. 25, 2011 (Canada NewsWire Group) -- Shares outstanding: 65,187,039 TORONTO, Jan. 2...
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n\n Jan. 25, 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, Jan. 25 /CNW/ - Augen Capital Corp. ("Augen" or "the Company") (TSX-V: AUG) is pleased to announce it has closed the second and final tranche of\n its previously announced $2,000,000 non-brokered private placement\n financing raising gross proceeds under the second tranche of $890,909. \n Together with the first tranche, which closed on December 30, 2010, the\n financing was fully subscribed with aggregate gross proceeds to Augen\n of $2,000,000.\n\n\nOn closing of the second tranche, Augen issued 12,727,269 units ("Units") at $0.07 per Unit.  Each Unit consists of one common share of the\n Company and one-half of one common share purchase warrant.  Each whole\n common share purchase warrant entitles the holder to acquire one common\n share at a price of $0.10 for a period of twenty-four months from the\n closing date.  Together with closing of the first tranche, Augen issued\n a total of 28,571,424 Units pursuant to this private placement.\n\n\nNo finder's fees were paid by the Company in connection with the\n financing.  The net proceeds of the financing will be used to fund\n general working capital of the Company.\n\n\nAll securities issued in connection with the financing will be subject\n to restrictions on resale for a period of four months from closing.\n\n\nAbout Augen Capital \nAugen Capital Corp. ("...