Business
Augen Capital Corp. Announces Option Grant
Augen Capital Corp. Announces Option Grant.
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n\nShares outstanding 35,915,615\n\n\nTORONTO, Jan. 29 /CNW/ - Augen Capital Corp. (the \"Company\" or \"Augen\")\n(TSX-V: AUG) announces today that it has granted 700,000 stock options to\ndirectors, officers or consultants. The stock options are fully vested at the\ntime of issuance, are exercisable at a price of $0.47 per share over a period\nof three years into common shares of the Company. The issuance is subject to\nthe four month Exchange hold period and regulatory approval.\n\n\nUnder the Company's stock option plan, 10% of the issued capital or\n3,591,562 common shares are reserved for issuance. Including the above grant,\na total of 2,110,000 options are outstanding under the stock option plan.\n\n\nAbout Augen Capital\n\n\nBased in Toronto, Augen is a merchant bank specializing in the financing\nof, and investment in, early stage resource companies and is an industry\nleader in tax-advantaged flow-through investments in Canada's resource\nsectors. Augen has raised over $40 million in flow-through limited partnership\nassets in the last four years. The Company now has under management a core\nportfolio of primarily emerging resource stocks, two Resource Flow-Through\nLimited Partnerships, and its mutual fund, Augen Resource Strategy Fund.\n\n\nFor more information on Augen Capital, visit our website at\n\n\nwww.augencc.com\n\n\nThe company's public documents may be accessed at www.sedar.com\n\n\nThe TSX Venture has not reviewed and does not accept responsibility for\n\n\nthe adequacy or accuracy of this release.\n\n\n-------------------------------------------------------------------------\n\n\nThis news release contains certain \"Forward-Looking Statements\" within\nthe meaning of Section 21E of the United States Securities Exchange Act of\n1934, as amended. All statements, other than statements of historical fact,\nincluded herein are forward-looking statements that involve various risks and\nuncertainties. There can be no assurance that such statements will prove to be\naccurate, and actual results and future events could differ materially from\nthose anticipated in such statements. Important factors that could cause\nactual results to differ materially from the Company's expectations are\ndisclosed in the Company's documents filed from time to time with the British\nColumbia Securities Commission and the Unite...