Purecore Metals Inc. press release
Augen Gold Completes Previously Announced Shares-for-Debt Conversion
CSE - Canadian National Stock Exchange ยท Canada
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.