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TORONTO, ONTARIO--(Marketwire - July 3, 2012) - Augustine Ventures Inc. (CNSX:WAW) ("Augustine" or the "Company") announces that further to various loans made to Delta Uranium Inc. (TSX VENTURE:DUR.H) ("Delta"), it has negotiated with Delta and been issued a secured promissory note in favour of Augustine for the principal amount of $306,415. The note bears an annual interest rate of 12% and is payable on demand. The principal amount and all accrued interest payable under the note is secured by a pledge by Delta of the 3,810,000 shares of Augustine owned by Delta. Delta is a related party to Augustine by virtue of a common director, officers and its shareholdings in Augustine. |
