TORONTO, Aug. 16 /CNW/ - Augen Capital Corp. (TSX Venture: AUG) is pleased to announce the addition of two outstanding mineral industry professionals to its Advisory Board: Lee Barker, M.Sc. (Applied Mineral Exploration), B.A.Sc. (Applied Geology), P.Eng., P. Geol. - a prominent geologist with extensive experience with most mineral, metal, and diamond exploration projects, and an officer and director of a wide range of public companies, including Corona Corp., Aber Resources (now Aber Diamonds), SouthernEra Resources, and Platinova Resources. Mr. Barker is currently President of Sparton Resources Inc., a member of several professional societies, and a director of a number of publicly listed junior resource companies. Robert Jackson, M.Sc. (Mining Engineering), P.Eng., MBA, CFA - a prominent senior mining financier, with expertise in investment analysis, transaction execution, and capital formation. Mr. Jackson has an exceptional background with 18 years in the investment business in Canada and the UK (including Burns Fry, Midland, and Warburgs), having raised over $1 billion directly and as a team member, plus 9 years in the mineral resource business (including Falconbridge). He is currently EVP Corporate Development, Jaguar Mining, Inc. "We are making good progress with the execution of our strategy to increase shareholder value and aggressively build Augen. These additions to our team are an essential part of our implementation plan," said J. David Mason, Chairman, Augen Capital. "There are now four advisors to the Board (including Robert Blair and Rod Whyte) who have long and varied experience in analytical and financial aspects of the mining sector. This will ensure that Augen enhances its position as the leading merchant bank in the early-stage resource companies sector." About Augen Capital Based in Toronto, Augen Capital Corp. is a merchant bank specializing in financing early-stage resource companies. Augen's portfolios consist of exploration companies that have demonstrated strong upside potential. Over a six-year period, Augen's resource portfolios have outperformed a majority of competitive metal funds as well as the TSX precious metals index. Through Augen, investors indirectly and directly own upwards of 150 emerging resource companies. Augen Capital now has more than $20 million under management, including a core portfolio of emerging resource stocks, three resource flow-through LPs under management, and a mutual fund, Augen Resource 2 Balance Fund (R2B). Augen is an industry leader in tax-advantaged flow-through investments in Canada's resource sectors. Through a distribution force of national MFDA and IDA firms, Augen offers high-income and high-net-worth individuals resource flow-through tax sheltering, together with exposure to mineral and oil and gas exploration companies that are selected for their potential to outperform the market. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. %SEDAR: 00008335E For further information: please contact: J. David Mason, Augen Capital Corp., Tel: 1(888) 777-2007 x223, e-mail: firstname.lastname@example.org; Robin Sundstrom, Ciris Investor Relations Inc., (416) 368-8770 x223, email@example.com CO: Augen Capital Corp. ST: Ontario NI: 2575 WNEWS FIN -0- Aug/16/2005 21:20 GMT
Two Advisors Added to Augen's Advisory Board
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