Augen Capital Corp., a merchant bank, specializes in financing of early-stage resource companies, as well as provision of tax-advantaged flow-through investments in resource sectors in Canada. Segments The company operates under two segments: Managed Products and Merchant Banking. The Managed Products (MP) segment consists of annual resource flow-through limited partnership offerings, and the Augen Resource Strategy mutual fund. The Merchant Banking (MB) segment consists of an investment portfolio of primarily emerging resource stocks. The MB segment provides financing and strategic management support to resource investee companies. Augen Resource Strategy Fund Augen Resource Strategy Fund, Inc. is a mutual fund corporation. The investment objective of the Fund is to provide long-term capital growth, by investing primarily in equity securities of senior and emerging Canadian resource companies. The Fund is also permitted to invest in fixed income and money market instruments. Merchant Banking Portfolios The company holds merchant banking portfolios directly in Augen Capital Corp. (Augen) and indirectly through its wholly-owned subsidiary, Aumerco Limited, which primarily consist of listed Canadian resource companies whose principal business is resource exploration and development. Polar Bear Project: Augen established Polar Bear Exploration, Inc. (PBE), a private company, to acquire claims in the Hudson Bay/James Bay area of northern Ontario, south east of the coastal town of Pewanuck and south west of Polar Bear Provincial Park.