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June 24, 2010 Vancouver, Canada
– Next Gen Metals Inc. (CNSX: N)
(“Next Gen” or the “Company”)
wishes to announce that on June
21, 2010, it consolidated its
existing capital on the basis of
two (2) current Next Gen common
shares for one (1) new common
share of Next Gen. Fractional
shares of 0.5 and over will be
rounded up and less than 0.5
will be dropped.
The Company’s consolidated
common shares will commence
trading on the Canadian National
Stock Exchange (“CNSX”) on June
28, 2010, with an effective date
of June 30, 2010, and the new
CUSIP/ISIN number will be
65338Y200/CA65338Y2006. The
trading symbol will remain “N”.
The consolidation was approved
by the Board of Directors of the
Company June 21, 2010.
About Next Gen Metals Inc.
Next Gen Metals Inc. “Next Gen”
or the “Company” is a
diversified mineral exploration
company with a focus on gold,
silver and base metals projects
in North America. Next Gen is
developing the Silver Chalice
Property, located in Alaska and
the recently acquired Fate Gold
Project located in the Abitibi
Greenstone Belt of Northwest
Québec, one of the most famous
gold and base metals regions in
the world.
Next Gen is the newest company
to join the International Metals
Group and is listed on the CNSX
under the symbol “N”. The new
Board of Directors is comprised
in part with directors from the
International Metals Group (www.internationalmetalsgroup.com)
who, along with the new
management group, has 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's
consolidation, please refer to
the "Shareholder
Letter" posted on the
Company's website.
On behalf of the Board of
Directors
"Harry Barr"
Harry Barr
President & CEO
Next Gen Metals Inc.
The Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Disclaimer: This news release may contain certain "forward-looking statements". All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and available at www.sedar.com or filed with the Canadian National Stock Exchange. Any forward-looking statements are not guarantees of the Company's future performance and are subject to risks and uncertainties that could cause actual results, developments, and business decisions to differ materially from those contemplated by any forward-looking statements.
Except as required by law, the Company undertakes no obligation to update any forward-looking statements.
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