Shares outstanding: 32,829,835
TORONTO, Sept. 11 /CNW/ - Augen Gold Corp. ("Augen Gold" or "the
Company") (TSX-V: GLD) announces that a total of 2,200,000 options to purchase
common shares of the Company were granted to Directors, Officers and
consultants on September 11, 2009 at an exercise price of $0.10 per share,
expiring on September 11, 2014. The grant is subject to regulatory approval.
Under the Company's stock option plan, 10% of the issued capital or
3,282,983 common shares are reserved for issuance. Including the above grant,
a total of 2,500,000 options are outstanding under the stock option plan.
About Augen Gold
Augen Gold is a gold exploration company with 24,335 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 kilometer 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 additional
deposits. The Company's objectives are to aggressively explore the gold
showings that correlate with geophysical anomalies, continue resource
definition at the Jerome Mine, and to expand its property portfolio with
highly prospective mineral assets.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: J. David Mason, M.Eng., Chief Executive
Officer, Director, Augen Gold Corp., (416) 479-3300 Direct Line,
www.augengold.ca, 130 King Street W., The Exchange Tower, Suite 720, P.O. Box
137, Toronto, Ontario, M5X 1A6, 1-888-442-2836 (44"AUGEN") ex 3300, main (416)
777-2007 ex 3300, fax (416) 777-2008