Business
Augen Gold engages Castle Communications Group as Corporate Communications and Investor Relations Consultant
Augen Gold engages Castle Communications Group as Corporate Communications and Investor Relations...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"\n\n\n\nFeb. 3, 2010 (Canada NewsWire Group) -- TORONTO, Feb. 3 /CNW/ -- Augen Gold Corp. (\"Augen Gold\" or \"the Company\") (TSX-V: GLD), today announces that it has engaged Castle Communications Group (\"Castle\") as its corporate communications and investor relations consultant until June 30, 2010. Castle is a Nova Scotia based corporate communications company and corporate funding company. Castle will provide Augen Gold with corporate communications and investor relations services.Castle will receive a retainer of $5,000 with any additional expenses to be pre-approved by two officers of the Company. In addition, 500,000 stock options to purchase common shares of the Company are being granted to Castle at an exercise price of $0.15 per share, expiring on February 2, 2015. The grant is subject to TSX Venture Exchange and regulatory approval. Under the Company's stock option plan, 10% of the issued capital or 4,991,656 common shares are reserved for issuance. Including the above grant, a total of 2,550,000 options are outstanding under the stock option plan.Brian Cavanagh, President of Castle, is an investment professional with over 30 years of investment industry experience as an advisor with senior management responsibilities.As at the date of this press release, Castle and its principals, directly and indirectly, do not own any common shares of Augen Gold. The agreement with Castle is subject to TSX Venture Exchange approval.About Augen GoldAugen Gold is a gold exploration company with 24,581 hectares of staked and patented mining claims in the Southern Swayze Greenstone Belt, including the formerly producing Jerome Gold Mine. The claims cover a 45 kilometre long section of the Ridout Deformation Zone, believed to be the western extension of the Kirkland Lake/Larder Lake Break. The geological setting is comparable to the major gold camps of Timmins and Kirkland Lake, and the claims contain numerous gold showings that have received very little historical exploration. Augen Gold is the first company to have assembled such a coherent ground position. Augen Gold has performed a detailed airborne geophysical survey over the whole area, and its sampling program has confirmed the historically reported gold values. The correlation of many gold showings with geophysical features indicates excellent potential for the discovery of add...