Augen Gold Wins Shareholder Approval Of Debt-To-Equity Conversion

In a shareholder's meeting held last Friday, the shareholders approved four resolutions. Two pertained to changes in the board of directors, one fixed the number of directors at four, and the final one "overwhelmingly approved" a equity conversion of the $1.1 million debt owed to Augen Capital. Conversion terms are one share per 15 cents of debt. The news release has further details on this turn of the page for Augen Gold.

This item was disseminated before market's open yesterday. As of the close, Augen Gold closed at 10 cents, up a penny on the day. Current bid-ask is 10 cents - 10.5 cents.

The company's Google Finance web page is here.

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