Business
Augen Limited Partnership 2005 Largest Raise Since Inception
Augen Limited Partnership 2005 Largest Raise Since Inception.
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Dec. 1 /CNW/ - Augen Capital Corp. (the \"Augen\") (TSX-V: AUG) is\npleased to announce the third and final close on November 29, 2005 of the\ninitial public offering Augen Limited Partnership 2005 (\"LP 2005\").\nThe LP 2005 issued a total of 84,211 units for gross proceeds of\n$8,421,100, the largest raise since the inception of Augen.\nThe LP 2005 emerging resource flow-through prospectus offering was co-led\nby Berkshire Securities and IPC Securities. Syndicate members included\nWellington West Capital and Foster & Associates. Selling Group members\nincluded CIBC Wood Gundy, Dundee Securities, Global Securities, Hampton\nSecurities, Industrial Alliance, Jones Gable, National Bank Financial,\nNorthern Securities, Raymond James, Union Securities, Sprott Securities, and\nTD Securities. FundTrade and IPC Investment Corp. participated via the\noffering memorandum & prospectus wrap.\nConsistent with previous Augen partnerships, LP 2005 will primarily\ninvest in mining exploration companies with market capitalizations under\n$15,000,000, based on the advice and counsel of Augen Capital and the Augen\nAdvisory Board. The Augen Advisory Board is made up of distinguished mining\nexecutives including Lee Barker, Robert Blair, Bob Jackson, Jack Mullins, Hugh\nSquair and Rod Whyte. Reflecting the evolution of Augen's investment strategy,\nthe 2005 Partnership will also invest at least 25% of its assets in\nexploration companies with larger market capitalization. LP 2005 will invest\nin strategic mineral & resource opportunities with a focus on gold, uranium,\nzinc and oil & gas exploration companies which represent commodities that\nAugen considers in short supply. Augen believes that any discoveries made by\nthe Partnership's investee companies will have an excellent chance of being\nfinanced into production.\n\nAbout Augen Capital\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 $25 million from investors in ten previous\nlimited partnerships. The Company now has over $25 million in assets under\nmanagement, including a core portfolio of emerging resource stocks, three\nResource Flow-Through Limited ...