Next Gen Withdraws Private Placement
April 8, 2014 (Source: Accesswire) — Next Gen Metals Inc. (“Next Gen”, “The Company”) (CSE: N, OTC Pink: NXTTF, FSE: M5BN) reports today that it is withdrawing its previously announced private placement.
The Company has sufficient working capital to sustain itself for the foreseeable future. Furthermore, the Board of Directors have approved in principal that one or more of the majority shareholders of the Company can provide alternative funding if required, by way of a shareholders loan, convertible debenture or equity financing.
Management is currently discussing alternative funding with various financial institutions.
About Next Gen (CSE: N, OTC Pink: NXTTF, FSE: M5BN)
Next Gen is a diversified Canadian public company which focuses on investments in the Medical Marijuana, Industrial Hemp and Alternative Medicine sectors. Next Gen’s Vision is to be a Leading Provider of Venture Capital for the Medical Marijuana, Industrial Hemp and Alternative Medicine industries.
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.
On March 20, 2014 Next Gen announced that its first investment “GreenRush Financial Conferences Inc.” (GreenRush), a 100% subsidiary of the Company, 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’s second conference is slated for Toronto in May. Additional conferences are slated to be held throughout Canada and certain cities in the United States and Europe on an annual basis.
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.
Raj Shah has been a member of the InvestorIntel.com team for the last nearly 9 years. Recruited from Merrill Lynch, he has over 13 years’ ... <Read more about Raj Shah>