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Next Gen Metals Inc. (CNSX:
N) (“Next Gen” or the
“Company”) wishes to announce a
non-brokered private placement
of up to 3,333,334 units at a
purchase price of $0.15 per unit
for gross proceeds of up to
$500,000. Each 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 share purchase warrant
entitles the holder to purchase
one common share of the Company
for a period of eighteen months
from the date of closing at a
per share price of $0.25.
The proceeds from the private
placement received from the sale
of the units will be used for
the exploration of the Company’s
projects and for general working
capital.
A finder’s fee may be paid in
relation to this financing, in
accordance with regulatory
policies. The foregoing is
subject to regulatory approval.
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, 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.
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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