Augen Capital Corp. - Quarterly Return.TORONTO--(BUSINESS WIRE)--Sept. 15, 1997--(Alberta Stock Exchange AUG.) Augen Capital Corp. is pleased to announce that the return on Augen Limited Partnership II and PSG Limited Partnership I for the calendar quarter ending June 30, 1997 is 3.215 percent or 12.875 percent annualized. It is anticipated that a final payment will occur for the period of July 1 to Sept. 27, 1997. A share exchange takeover bid circular will be filed with the Ontario Securities Commission. This will result in the partnership units being exchanged for common shares of Augen Capital Corp., subject to regulatory approval. Augen Capital Corp. is an investment company that specializes in financing emerging resource companies. Since inception in 1994, the company has provided an exceptional return Exceptional Return Residual return plus benchmark timing return. For a given asset with beta equal to one, if its residual return is 2%, and the benchmark portfolio exceeds its consensus expected returns by 1%, then the asset's exceptional return is 3%. to its shareholders. Augen shares trade on the Alberta Stock Exchange (symbol "AUG"). On Behalf of the Board of Directors J. David Mason, M. Eng., B.A. Sc CONTACT: Augen Capital Corp. J. David Mason, 416/777-2007 |
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