Vancouver, British Columbia, Canada / ACCESSWIRE / April 1, 2014 / Next Gen Metals Inc. ("Next Gen", "The Company") (CSE: N, OTC Pink: NXTTF, FSE: M5BN) announces that further to its news release of March 21, 2014 (the "News Release"), the Company has amended its previously announced non-brokered private placement (the "Offering").
The company is now issuing 5,000,000 Units at $0.45 per unit for a total of $2,250,000. Each Unit will comprise of one common share and one half of one share purchase warrant exercisable at $0.60 for a period of 12 months. The Warrants have an accelerated exercise clause that in the event the shares trade at greater than $0.90 for 10 consecutive trading days (following the expiry of the hold period), the Company may, on written notice to the holders of the Warrants, reduce the exercise period of the Warrants to a date that is not less than 30 days from the date of the notice.
Harry Barr, President and CEO of Next Gen Stated that "Next Gen's wholly owned subsidiary, GreenRush Financial Conferences, shares a similar vision to Next Gen: that is to provide a forum for venture capital investment, education, business to business opportunities as well as acting as a facilitator for this emerging industry."
GreenRush Financial Conferences will host Canada's first Medical Marijuana, Industrial Hemp and Alternative Medicine Investment Conferences. The first conference is set for Vancouver on May 7, 2014 and will be held in the Vancouver Convention Centre, Ballrooms A/B/C in the Pan Pacific Hotel. The proceeds from the private placement will be used for acquisitions, investments and working capital to advance the company's initiatives in the Medical Marijuana, Industrial Hemp and Alternative Medicine industries. A portion of the proceeds will also be applied to advance the company's GreenRush Financial Conference business. The private placement and any finder's fees payable are subject to regulatory approval. Any securities issued pursuant to the offering shall be subject to a four month and a day hold period commencing on the closing date.
About Next Gen (CSE: N, OTC Pink: NXTTF, FSE: M5BN)
Next Gen is a diversified Canadian public company which focusses on investing in the Medical Marijuana, Industrial Hemp and Alternative Medicine sectors. Recent regulatory/legal changes in North America have provided an opportunity for the company to enter into this emerging multi-billion dollar industry. Next Gen's vision is to be the leading provider of venture capital, management expertise, education and a facilitator for this explosive new industry.
On March 20, 2014 Next Gen announced that its wholly owned subsidiary GreenRush Financial Conferences (GreenRush), will conduct its first Medical Marijuana, Industrial Hemp and Alternative Medicine business conference in Vancouver on May 7, 2014. The conference will be held at the Vancouver Convention Centre, in Ballrooms A/B/C in the Pan Pacific Hotel. GreenRush Financial Conferences will become the platform facilitating investment, education and business to business opportunities across the Medical Marijuana, Industrial Hemp and Alternative Medicine sectors. The conferences will feature insightful speakers from a diverse cross section within the industry including government, public and private companies, fund managers, bankers, brokers, analysts, and media representing all aspects of the industry.
Our business model generates multiple new business plans and industry related proposals on an ongoing basis. Management continues to receive and review the proposals from various segments of the industry including: alternative medicine, health, food, agri-business, legal grow-ops, technology, client generation, education, public awareness, specialty clinics and ancillary business opportunities with announcements pending. For further information, visit our website at www.nextgenmetalsinc.com.
In light of Next Gen's vision, Management's objective is to invest in a basket of companies within this growing industry. The company's business model continues to generate new business plans and project submittals 24/7 for managements review and consideration.
For further information on GreenRush Financial Conferences and to book a trade booth please contact us by phone or at either; [email protected] or [email protected].
For further information and general Investor Relations Inquiries please contact us by phone or email at [email protected].
Tel: +1 604 685 1870 Fax: +1 604 685 8045 Website: http://www.nextgenmetalsinc.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C., Canada, V5Z 3X7
On behalf of the Board of Directors
President & CEO
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com.
This News Release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
The CSE has neither reviewed nor approved the contents of this News Release.