Welcome Aboard!!Hi Mr. Mason;
I have seen from a recent press release by Vulcan Minerals(VUL-V) that your company-Augen Capital Corp., now has been granted a first right of refusal to place up to $500,000 by way of a flow-through private placement for Vulcan.
I have been a loyal shareholder in Vulcan for a number of years, and like you, I am keen on the company's oil exploration prospects in Western Newfoundland.Also, I give Vulcan's management an A+ for the manner in which they have run this company during some recent difficult years.During a period when we have seen many junior companies abandon their mineral and hydrocarbon assets, and delve into the technology sector; or for all intents and purposes, seriously dilute their shareholders interests by issuing large numbers of shares for a few dollars, Vulcan management has been steadfast in sharpening this company's vision, and, conserving their cash position.If nothing else, this represents a genuine belief and confidence by management in the value of their prospects.
As a shareholder in Vulcan, (and also now in Augen), I am very pleased with the level of due diligence that your company engages in prior to investing.
As you are keenly aware, the potential investment of your company in Vulcan represents an exceptional low risk-high reward opportunity to participate in what many petroleum experts believe will prove to become a rich hydrocarbon producing region of Newfoundland.
In the coming months, we will most likely see a continued increase in oil exploration in that part of the province.Vulcan will be joining the ranks of exploration companies in the area very soon as well.
Again, welcome aboard!
Regards,
Len