Business
Next Gen Announces Private Placement
(via Thenewswire.ca) Vancouver, British Columbia, Canada / TNW-ACCESSWIRE / July 3, 20...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"Next Gen Announces Private Placement(via Thenewswire.ca)\n\n \nVancouver, British Columbia, Canada / TNW-ACCESSWIRE / July 3, 2014 - Next Gen Metals Inc., (\"Next Gen\", the \"Company\") (CSE: N; OTC: NXTTF; Frankfurt: M5BN) is pleased to announce a non-brokered private placement of up to 3,000,000 units for gross proceeds of up to $300,000. \n\n \n \nEach Unit (\"Unit\") at a price of $0.10 per unit will consist of one common share (a \"Common Share\") and one-half of one, non-transferrable share purchase warrant (a \"Warrant\"). Each full Warrant entitles the holder to purchase one Common Share at a price of $0.20 per share during the first year, $0.30 per share during the second year and $0.40 per share during the third year.\n\n \n \nThe 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 as well as advancing 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 private placement shall be subject to a four month and a day hold period commencing on the closing date.\n\n \n \nAbout Next Gen\n\n\n \n(CSE: N, OTC Pink: NXTTF, FSE: M5BN)\n\n \n \nNext Gen is a diversified Canadian public company which focuses 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, brokerage and consultancy solutions and a facilitator for these explosive new industries. \n\n \n \nNext Gen's business model generates new industry business proposals and plans on a continuous basis. To that end, Management is currently negotiating with a number of companies who are interested in entering into contractual arrangements to co-venture, co-finance, and option-joint venture on one or more of Next Gen's large inventory of business opportunities and existing 100% owned companies and projects in these multi-billion dollar industries. For further information on the company, visit our website at w...