Augyva Mining Resources Inc. (TSXV: AUV) filed a Notice of Intention to commence a normal course issuer bid on January 31, 2012. Pursuant to the bid, the company will repurchase for cancellation up to 5,286,076 shares, representing 10% of its public float and 8.74% of its issued and outstanding shares. The purpose of the bid is to enhance the shareholder value and to represent an attractive and accretive use of its available funds. The price that the company will pay for any shares repurchased will be paid in cash at the prevailing market price at the time of such repurchase. The repurchases will be made through the facilities of the TSXV and is subject to approval of the TSXV. The bid will commence from February 6, 2012 and will expire on February 5, 2013. As of January 30, 2012, the company has 60,511,696 common shares issued and outstanding. GMP Securities LP acted as the broker to the company.