Shares outstanding: 32,404,695
TORONTO, April 14 /CNW/ - Augen Gold Corp. ("Augen Gold" or "the
Company") (TSX-V: GLD) announced today that it has issued 7,479,010 of the
Company's common shares (the "Shares") to Augen Capital Corp. ("Augen
Capital") at a deemed price of $0.15 per Share, in full and final settlement
of $1,121,851.51 in outstanding debt owed by the Company to Augen Capital.
The Shares were issued pursuant to an agreement between the Company and
Augen Capital dated March 13, 2009 as announced in the Company's press release
dated March 26, 2009. In accordance with National Instrument 45-102 - Resale
of Securities, the Shares are subject to a four-month hold period which will
expire on August 8, 2009.
This shares-for-debt conversion received the unanimous support of the
disinterested shareholders present in person or by proxy at the special
meeting of the Company's shareholders held on March 13, 2009, and has been
approved by the TSX Venture Exchange.
About Augen Gold
Augen Gold is a gold exploration company with 24,335 hectares of mining
claims over a 45-kilometre length located in Swayze Greenstone Belt, including
the formerly producing Jerome Gold Mine and directly adjacent to the Young
Shannon gold deposit. The Company's objective is to aggressively explore the
Jerome mine in order to determine the gold potential along strike on the
contiguous mining claims, and to continue to expand its property portfolio
with highly prospective mineral assets.
For more information on Augen Gold, visit our website at www.augengold.ca
The Company's documents may be accessed at www.sedar.com
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, Chairman, Augen Gold Corp.,
Tel: (416) 479-3300, Toll-free: 888-442-8436