Shares outstanding: 65,187,039
TORONTO, Jan. 31 /CNW/ - Augen Capital Corp. ("Augen" or "the Company") (TSX-V: AUG) announces the granting of 1,050,000 options to purchase common shares of
the Company to Directors, Officers and consultants of Augen, subject to
The stock options, 900,000 of which are fully vested at the time of
issuance with the balance vesting over a period of three years, are
exercisable at a price of $0.10 per common share over a period of five
years from the date of issuance.
Under the Company's 10% "rolling" stock option plan, the Company can
currently have outstanding options to acquire up to a maximum of
6,518,703 common shares. Including the above grant, a total of
4,600,000 options are currently outstanding under the stock option
The Company also announces, subject to approval of the TSX Venture
Exchange, the issuance of 150,000 common shares at a deemed price of
$0.08 per common share to a Director of the Company in settlement of
outstanding debt owing to the Director.
About Augen Capital
Augen Capital Corp. ("Augen") (TSX-V: AUG) is a Toronto-based public
merchant bank specializing in the financing of and investment in
emerging resource companies. Augen manages a merchant banking hard
dollar portfolio of emerging resource stocks.
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.
SOURCE Augen Capital Corp.
For further information:
Manish Z. Kshatriya, Chief Financial Officer
Tel: (416) 479-3302
Toll-free: (888) 442-8436
For more information on Augen Capital, visit our website at www.augencc.com
The Company's public documents may be accessed at www.sedar.com