Management Nominated Board of Augen Gold Corp. Committed to Unlocking Shareholder Value
01 October 2010 - 11:05AM
PR Newswire (Canada)
TORONTO, Sept. 30 /CNW/ -- TORONTO, Sept. 30 /CNW/ - Augen Gold
Corp (TSXV:GLD) ("Augen Gold" or the "Company") is pleased to
announce the results of voting from a Special Shareholders Meeting
held today. Shareholders of Augen Gold have fully endorsed the
vision outlined by management and have elected Management's
nominees for the Board of Directors. At the Special Shareholder
Meeting, shareholders approved the appointment of the Company's
auditors, and the endorsement of the Company's stock option plan.
Shareholders fully participated in this decision with approximately
86% of the issued and outstanding shares represented. New and
returning directors for Augen Gold include Tim Peterson, Lorne
Woods, Robert E. Lamoureux, and J. David Mason. J. David Mason,
President and CEO of Augen Gold Corp. said "Today's vote is a win
for Augen Gold shareholders and an endorsement of the current
management team and Board. We recognize that there is still work to
be done on the way to fully developing the company's resources and
realizing full value. Augen Gold will accelerate the pursuit of our
strategic direction with the objective of maximizing value. This
Board is committed to working hard to earn the confidence of all
shareholders." He continued saying, "I want to personally thank
shareholders for voting and the advisory team for their advice and
efforts including Fraser Milner Casgrain LLP for legal counsel,
Laurel Hill Advisory Group for proxy solicitation, Navigator
Limited for communications counsel, and Ironside IR investor
relations advice. " About Augen Gold: Augen Gold is a gold
exploration company with 23,877 hectares of staked and patented
mining claims in the Southern Swayze Greenstone Belt, including the
formerly producing Jerome Gold Mine. The claims cover a 45
kilometre long section of the Ridout Deformation Zone, believed to
be the western extension of the Kirkland Lake/Larder Lake Break.
The geological setting is comparable to the major gold camps of
Timmins and Kirkland Lake, and the claims contain numerous gold
showings that have received very little historical exploration.
Augen Gold is the first company to have assembled a coherent ground
position. Augen Gold has performed a detailed airborne geophysical
survey over the whole area, and its sampling program has confirmed
the historically reported gold values. The correlation of many gold
showings with geophysical features indicates excellent potential
for the discovery of additional deposits. The Company's objectives
are to aggressively explore the gold showings that correlate with
geophysical anomalies, continue resource definition at the Jerome
Mine, and to expand its property portfolio with highly prospective
mineral assets. 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. This news release
contains forward-looking statements. These statements are
based on information currently available to the Company and the
Company provides no assurance that actual results will meet
management's expectations. Forward-looking statements include
estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company
or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as
"believes", "anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements
are based on assumptions and address future events and conditions,
by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other
things, results of exploration, project development, reclamation
and capital costs of the Company's mineral properties, and the
Company's financial condition and prospects, could differ
materially from those currently anticipated in such statements for
many reasons such as: changes in general economic conditions
and conditions in the financial markets; changes in demand and
prices for minerals; litigation, legislative, environmental and
other judicial, regulatory, political and competitive developments;
technological and operational difficulties encountered in
connection with the activities of the Company; and other matters
discussed in this news release. This list is not exhaustive
of the factors that may affect any of the Company's forward-looking
statements. These and other factors should be considered
carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not
undertake to update any forward-looking statement that may be made
from time to time by the Company or on its behalf, except in
accordance with applicable securities laws. pInterested
parties can contact Augen Gold Corp. with questions or for more
information at:br/br/J. David Mason br/Chief Executive Officer and
Directorbr/Augen Gold Corp.br/br/Tel. 416-915-4231 reception and
voice mailbr/Email: a
href="mailto:dmason@augengold.ca"dmason@augengold.ca/a/p
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