Business
AUGEN CAPITAL GRANTS STOCK OPTIONS AND ISSUES SHARES FOR DEBT
Jan. 31, 2011 (Canada NewsWire Group) -- Shares outstanding: 65,187,039 TORONTO, Jan. 3...
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n\n Jan. 31, 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. 31 /CNW/ - Augen Capital Corp. ("Augen" or "the Company") (TSX-V: AUG) announces the granting of 1,050,000 options to purchase common shares of\n the Company to Directors, Officers and consultants of Augen, subject to\n regulatory approval.\n\n\nThe stock options, 900,000 of which are fully vested at the time of\n issuance with the balance vesting over a period of three years, are\n exercisable at a price of $0.10 per common share over a period of five\n years from the date of issuance.\n\n\nUnder the Company's 10% "rolling" stock option plan, the Company can\n currently have outstanding options to acquire up to a maximum of\n 6,518,703 common shares.  Including the above grant, a total of\n 4,600,000 options are currently outstanding under the stock option\n plan.\n\n\nThe Company also announces, subject to approval of the TSX Venture\n Exchange, the issuance of 150,000 common shares at a deemed price of\n $0.08 per common share to a Director of the Company in settlement of\n outstanding debt owing to the Director.\n\n\nAbout Augen Capital \nAugen Capital Corp. ("Augen") (TSX-V: AUG) is a Toronto-based public\n merchant bank specializing in the financing of and investment in\n emerging resource companies.  Augen manages a merchant banking hard\n dollar portfolio of emerging resource stocks.\n\n\nNeither TSX Ventur...