| | | Next Gen Metals Inc. Consolidates its Common Shares | | |
Next Gen news 062410
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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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