Augen Gold Announces Appointment of Special Committee to Consider Shareholders Meeting Requisition

    Shares outstanding: 24,880,685

    TORONTO, Jan. 9 /CNW/ - Augen Gold Corp. (Augen Gold) (TSX-V: AUJ)
announced today that its Board of Directors has appointed a Special Committee
of two directors, Joseph Leeder and James Stephenson, to consider and respond
to the requisition for a shareholders meeting recently made by Augen Capital
Corp. (Augen Capital).
    In a letter dated December 19, 2008, Augen Capital requisitioned the
directors of Augen Gold to call a special meeting of Augen Gold shareholders
(i) to approve the issuance to Augen Capital of approximately 9,000,000 common
shares of Augen Gold at an ascribed value of $0.125 per share to satisfy Augen
Gold's indebtedness to Augen Capital of approximately $1.13 million, and (ii)
to remove all the current directors of Augen Gold and to elect individuals
nominated by Augen Capital to replace them.
    The Special Committee has engaged Bennett Jones LLP as its independent
legal counsel and has been directed by the Board of Augen Gold to consider and
deal with the requisition in the most timely and cost-effective manner

    About Augen Gold

    Augen Gold is a gold exploration company with 24,042 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
    The Company's documents may be accessed at

For further information:

For further information: J. David Mason, Chairman, President and Chief
Executive Officer, Augen Capital Corp., Tel: (416) 479-3300, Toll-free: (888)

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890