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Next Gen Metals Inc. (TSX.V:N)
(“Next Gen” or the “Company”)
wishes to announce a
non-brokered private placement
of up to 1,666,666 flow-through
units and up to 4,000,000 non
flow-through units for gross
proceeds of up to $1,500,000.
Each non flow-through unit (“NFT
Unit”), at a price of $0.25 per
NFT Unit, will consist of one
common share in the capital of
the Company and one-half of one
non-transferable share purchase
warrant (“Warrant”). Each whole
Warrant will entitle the holder
to purchase one additional
common share at a price of $0.35
per share for a period of 12
months from closing.
Each flow-through unit (“FT
Unit”), at a price of $0.30
cents per FT Unit, will consist
of one common share in the
capital of the Company and
one-half of one non-transferable
share purchase warrant. Each
whole warrant will entitle the
holder to purchase one
additional non flow-through
common share of the Company at
$0.40 for a period 12 months.
A finder's fee may be payable.
The foregoing is subject to
regulatory approval.
The proceeds of this private
placement will be used to
continue the development of our
existing projects, acquire new
silver, gold or base metal
projects on an international
scale and general working
capital.
About Next Gen Metals Inc.
Next Gen is a mineral
exploration company whose
current focus is on gold, silver
and base metals projects in
North America. The Company is
presently developing the Silver
Chalice Property, located in
Alaska, and the Fate Gold
Project located in the Abitibi
Greenstone Belt of Northwest
Québec, which is one of the most
famous gold and base metals
regions in the world. In
addition, the Company is
aggressively negotiating for
additional advanced-stage
silver, gold and base metal
projects on an international
scale.
Next Gen is the newest company
to join the International Metals
Group. The Board of Directors is
comprised in part with directors
from the International Metals
Group (“IMG”) (www.internationalmetalsgroup.com)
who, along with management, have
a combined 150 years or more of
experience in all aspects of
managing public companies
related to the resource
industry.
For further information in
regards to Next Gen Metals,
please visit our website at
www.nextgenmetalsinc.com
On behalf of the Board of
Directors
"Harry Barr"
Harry Barr
President & CEO
Next Gen Metals Inc.
Neither the TSX Venture Exchange
nor its Regulation Services
Provider (as that term is
defined in the policies of the
TSX Venture Exchange) accepts
responsibility for the adequacy
or accuracy of this release..
Note: this release contains
forward-looking statements that
involve risks and
uncertainties. These statements
may differ materially from
actual future events or results
and are based on current
expectations or beliefs. For
this purpose, statements of
historical fact may be deemed to
be forward-looking statements.
In addition, forward-looking
statements include statements in
which the Company uses words
such as “continue”, “efforts”,
“expect”, “believe”,
“anticipate”, “confident”,
“intend”, “strategy”, “plan”,
“will”, “estimate”, “project”,
“goal”, “target”, “prospects”,
“optimistic” or similar
expressions. These statements
by their nature involve risks
and uncertainties, and actual
results may differ materially
depending on a variety of
important factors, including,
among others, the Company’s
ability and continuation of
efforts to timely and completely
make available adequate current
public information, additional
or different regulatory and
legal requirements and
restrictions that may be
imposed, and other factors as
may be discussed in the
documents filed by the Company
on SEDAR (www.sedar.com),
including the most recent
reports that identify important
risk factors that could cause
actual results to differ from
those contained in the
forward-looking statements. The
Company does not undertake any
obligation to review or confirm
analysts’ expectations or
estimates or to release publicly
any revisions to any
forward-looking statements to
reflect events or circumstances
after the date hereof or to
reflect the occurrence of
unanticipated events. Investors
should not place undue reliance
on forward-looking statements.
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