Business
Augen Capital Corp. New Directors
Augen Capital Corp. New Directors.
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Jan. 17 /CNW/ - Augen Capital Corp. (the \"Company\" or \"Augen\")\n(TSX-V: AUG) is pleased to announce that the Board of Directors has recently\napproved, subject to regulatory approval, a number of changes to the Board of\nDirectors and to management of the Company.\nThe Company is pleased to announce that Mr. J. Birks Bovaird and\nMr. Michael B.C. Gundy have been appointed to the Board of Directors of the\nCompany, effective immediately. Mr. Bovaird is President & CEO of Cenit\nCorporation and President & CEO of Toorak Holdings Inc., a private holding\nCorporation, and holds directorships in several other private and public\ncompanies. Mr. Gundy is President and CEO of Gundy Inc., a Toronto-based\ninvestment banking firm, and is a director of public companies and\nphilanthropic endeavors.\nThe Company also wishes to announce that the Office of the CEO will be\ncomprised of Mr. Ian C. Peres, Chief Financial Officer, and Mr. Michael\nSkutezky, Group General Counsel and Secretary, effective immediately.\nMr. Ronald Mann will step down from the Office of the CEO to afford him more\ntime to focus on his role as Vice President, Business Development of the\nCompany.\nMr. William P. G. Allen, a long-time director of the Company and several\nrelated companies has asked to retire from the Board of Directors.\nConcurrently, Mr. Alexander Henry is resigning as a director of the Company to\npermit him more time to devote to his many other business interests. The\nCompany wishes to thank both Mr. Allen and Mr. Henry for their valuable\ncontribution to the Company as directors.\n\nAbout Augen Capital\n\nBased in Toronto, Augen is a merchant bank specializing in the financing\nof early-stage resource companies and is an industry leader in tax-advantaged\nflow-through investments in Canada's resource sectors.\nThe Company now has over $25 million in assets under management,\nincluding a core portfolio of emerging resource stocks, three Resource \nFlow-Through Limited Partnerships, and its mutual fund, Augen Resource 2\nBalance Fund. Through a distribution force of national MFDA and IDA firms,\nAugen offers high-income and high net worth individuals resource flow-through\ntax sheltering, together with exposure to mineral, oil and gas exploration\ncompanies that are selected to potentially outperform the market. Inves...