Augen Capital grants options to new board

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[{"type":"text","content":"\n\n\n\nShares outstanding: 36,615,615\n\n\nTORONTO, June 12 /CNW/ - Augen Capital Corp. ("Augen" or the "Company")\n(TSX-V: AUG) today announced the granting of 1,000,000 stock options to the\nnewly-elected Board of Directors at an exercise price of $0.10 per share\npursuant to the Company's stock option plan. The options vest over three years\nand expire in five years. The issuance is subject to the four month Exchange\nhold period and regulatory approval.\n\n\nUnder the Company's stock option plan, 10% of the issued capital or\n3,661,561 common shares are reserved for issuance. Including the above grant,\na total of 2,650,000 options are outstanding under the stock option plan.\n\n\nThe newly-elected Board of Directors consists of Tony Busseri, Michael\nHarris, Victor Koloshuk, J. David Mason, and Hugh Squair.\n\n\nMr. Harris has been named Chairman of the Board of Directors and will\nalso Chair the Governance and Nomination committees. Mr. Busseri has been\nnamed Audit Committee Chair.\n\n\nAbout Augen Capital\n\n\nAugen Capital Corp. ("Augen") (TSX-V: AUG) is a Toronto-based public\nmerchant bank specializing in the financing of and investment in emerging\nresource companies. Augen manages a merchant banking hard dollar portfolio of\nemerging resource stocks. Augen holds and consults on over one hundred gold,\nbase metals and uranium exploration and development public and private\ncompanies with direct holdings in its merchant banking portfolio and\nconsulting assets in flow-through limited partnerships.\n\n\nFor more information on Augen Capital, visit our website at\nwww.augencc.com\n\n\nThe Company's public documents may be accessed at www.sedar.com\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n-------------------------------------------------------------------------\n\n\n","length":2099,"tagName":"div"}]

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