Purecore Metals Inc. press release
Integrated Asset Management Corp. Purchases Common Shares of Augen Capital Corp.
CSE - Canadian National Stock Exchange ยท Canada
Shares outstanding: 36,615,615
TORONTO, April 13 /CNW/ - Augen Capital Corp. ("Augen") (TSX-V: AUG)announced today that Integrated Asset Management Corp. ("IAM") has acquired an additional 225,000 common shares of Augen through the facilities of the TSX Venture Exchange (the "Exchange"), bringing IAM's total ownership to 653,000 common shares (the "Shares"), representing 1.8% of the issued and outstanding common shares of Augen. IAM's acquisition of the Shares is in accordance with the requirement, set out in the management agreement (the "Agreement") dated March 1, 2009 among IAM, Augen and Ore Reserve Asset Management Inc., that IAM acquire up to 3,264,000 common shares of Augen by the six month anniversary of the date of the Agreement. IAM intends to satisfy this contractual requirement either by making one or more additional purchases of Augen common shares through the facilities of the Exchange or by subscribing for shares from Augen.
Pursuant to the terms of a voting trust agreement dated March 1, 2009 among IAM, Augen, John David Mason ("JDM"), Daniel T. Mason and Sean D. Mason, JDM, as voting trustee, has the right to vote the Augen shares owned by IAM for a period of five years. JDM now has ownership or control of 4,195,900 common shares of Augen, or 11.46% of the issued and outstanding common shares of Augen. JDM can be reached c/o Augen at 130 King Street West, Exchange Tower, Suite 720, P.O. Box 137, Toronto, Ontario, M5X 1A6.
About Augen
Augen 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 including private companies and is an industry performance leader in tax-advantaged flow-through investments in Canada's resource sector having raised over $80 million in flow-through limited partnership assets since inception. Augen holds over one hundred gold, base metals and uranium exploration and development public and private companies with direct holdings in its merchant banking portfolio and consulting assets in flow-through limited partnerships.
Neither the 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.