GoldOn Resources (TSXV:GLD)
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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