Augen Capital Corp. Makes Announcement.TORONTO--(BUSINESS WIRE)--Aug. 12, 1998-- Augen Capital (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :AUG.) Augen Capital Corp. ("Augen") is pleased to announce the appointment of two advisors to the corporation, as well as the release of unaudited first quarter financial results. Mr. Julian Baldry is a mining analyst of excellent professional reputation both in Canada as well as internationally, having spent the past 12 years with one of Canada's top 3 investment dealers. Mr. Baldry has been consistently rated the top mining analyst by a national survey of financial institutions. He brings to Augen numerous potential resource companies financing opportunities. Mr. Rhoderic C. Whyte is active in resource financings with a distinguished career in the investment community. Operating from London, U.K., Mr. Whyte brings to Augen a European perspective after 12 years as a Director of Sales and Research for T.C. Coombs Coombs can refer to:
porcupine, member of either of two rodent families, characterized by having some of its hairs modified as bristles, spines, or quills. Mines Limited. Three other advisors previously appointed in the past 12 months are: Mr. C. Frank Agar Agar, in the Bible Agar (ā`gər), the same as Hagar. agar, substance obtained from seaweed agar (ä`gär, ā`–, ăg`är) , P.Eng., Mr. Kumara kumara ipomoeabatatas. Rachamalla, MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , M.Eng. and Dr. Hugh Squair. With the above advisors, together with a solid management team, Augen believes itself to be uniquely positioned to identify and arrange early stage resource financings and fulfill a role necessary to the resource industry. Augen has provided its shareholders with a 90 percent return on investment in the past fiscal year and has initiated a regular dividend payment. For the first quarter ending May 31, 1998 Augen earned $0.018 per share vs. Nil in 1997. Shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. increased by $573,740 (17 percent) during this 3 month period. In spite of adverse market conditions Augen's assets and earnings continue to grow substantially. On behalf of the Board of Directors J. David Mason, C.E.O. The Alberta Stock Exchange has neither approved or disapproved the information contained herein.
CONTACT: Augen Capital Corp.
J. David Mason, 416/777-2007 or (888) 442-8436(Canada)
416/777-2008 or 416/777-0234 (FAX)
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