Business
Augen LP 2007 completes $12 million IPO
Augen LP 2007 completes $12 million IPO.
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n\nShares outstanding: 35,915,615\n\n\nTORONTO, May 1 /CNW/ - Augen Capital Corp. (TSX-V: AUG) ("Augen" or the\n"Company") is pleased to announce that Augen Limited Partnership 2007 ("Augen\nLP 2007") has completed its initial public offering issuing an aggregate of\n120,370 Units for gross proceeds of $12,037,000.\n\n\nAugen LP2007 is a resource flow-through limited partnership offered by\nprospectus. The investment objectives are to: (a) achieve capital appreciation\nthrough investment in a diversified portfolio of Flow-Through Shares and other\nsecurities of select Resource Companies and (b) maximize tax benefits for\ninvestors by purchasing Flow-Through Shares of Resource Companies. Augen\nLP2007 will invest primarily in resource companies with market capitalizations\nof up to one hundred million, with some oil and gas investments. The offering\nwas led by Berkshire Securities Inc. and National Bank Financial Inc., with a\nsyndicate including HSBC Securities (Canada) Inc., Queensbury Securities Inc.,\nIndustrial Alliance Securities Inc., Sora Group Wealth Advisors Inc., Research\nCapital Corporation, IPC Securities Corporation, Raymond James Ltd,\nBurgeonvest Securities Limited, Blackmont Capital Inc., Acadian Securities\nInc., Canaccord Capital Corporation and Desjardins Securities Inc.\n\n\n"We are delighted to see the largest flow-through offering in the Augen's\nhistory with the 2007 limited partnership prospectus deal," said Ronald K.\nMann, Vice-President of Business Development of Augen.\n\n\nAbout Augen Capital\n\n\nAugen Capital is a Toronto-based merchant bank which finances early stage\nresource companies. Augen is an industry leader in tax-advantaged flow-through\ninvestments in Canada's resource sectors having raised over $53 million in\nflow-through limited partnership assets since inception. Augen manages a core\nportfolio of emerging resource stocks, two resource flow-through Limited\nPartnerships, and its mutual fund, Augen Resource Strategy Fund.\n\n\nAugen has an interest in over 30 uranium exploration and development\npublic companies as well as many gold and other metal company investments\ndirectly in its merchant banking portfolio and, indirectly, through fees\nearned on its structured products.\n\n\nFor more information on Augen, visit our website at www.au...