Business
NEW BOARD OF AUGEN CAPITAL MOVING SWIFTLY TO CREATE SHAREHOLDER VALUE
NEW BOARD OF AUGEN CAPITAL MOVING SWIFTLY TO CREATE SHAREHOLDER VALUE
About this update from Gensource Potash Corp.
[{"type":"text","content":"\n\n\n\n Sep. 28, 2010 (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\nAugen Capital encourages other shareholders of Augen Gold to join it in supporting the ISS recommended Augen Gold Nominees\n\nTORONTO, Sept. 28 /CNW/ - Augen Capital Corp (TSXV:AUG) ("Augen Capital" or the "Company") has a majority of new directors following the Order of the Ontario Superior Court of Justice released yesterday afternoon. Properly elected directors Conor S. Bill and Stephen Johnson are joined by directors Norman Brewster, Alan Cruickshank, Peter Miller and Michael Newman.\nThe properly constituted Board met today and elected Mr. Norman Brewster Chairman of the Company. The Board placed Peter Chodos, President and CEO, and Manish Kshatriya, CFO, on administrative suspension with pay while the conduct and directions of the improperly elected Board are reviewed. Mr. Alan Cruickshank has been appointed Acting President and CEO of the Company.\nThe Board also authorized a variety of actions to take full control of the records and assets of the Company.\nAugen Capital has acted to change its vote to support the nominees and other business proposed by management of Augen Gold at their upcoming meeting. Augen Capital encourages other shareholders of Augen Gold to join it in supporting the ISS - recommended Augen Gold Nominees. The Board of Augen Capital is impressed by the record of value creation at Augen Gold and will be looking to ensure that Augen Capital pursues a growth oriented st...