Augen Gold Disputes Accuracy Of Earlier Augen Capital Release

Augen Gold Corp. has issued a rejoinder to last Friday's release from Augen Capital Corp, which deals with Augen Gold converting debt owed to Augen Capital to equity. Augen Gold says that: a) Augen Capital only offered to take shares at 12.5 cents for the swap, not the 15 cents claimed; b) Augen Gold's board never expressed approval of Augen Capital's terms; c) contrary to Augen Capital's claim to have been forced to call a special shareholder's meeting to deal with the matter, ACC had already planned to call the meeting in mid-January. The full rebuttal from Augen Gold is here.

Augen Gold's shares were down slightly this morning: one trade at 6.5 cents, for a drop of half a cent. Augen Capital's shares have not traded at all so far; it closed yesterday at 10 cents.

Augen Gold's Google Finance web page is here. Augen Capital's is here.

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