Business
Next Gen Closes 1st tranche of its Private Placement
(via Thenewswire.ca) Vancouver, British Columbia, Canada / TNW-ACCESSWIRE / August 15,...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"Next Gen Closes 1st tranche of its Private Placement(via Thenewswire.ca)\n \n \nVancouver, British Columbia, Canada / TNW-ACCESSWIRE / August 15, 2014 / Next Gen Metals Inc., (\"Next Gen\", the \"Company\") (CSE: N; OTC: NXTTF; Frankfurt: M5BN) announces that it has closed the first tranche of its non-brokered private placement for gross proceeds of $255,000.\n\n \n \nThe Company issued 3,187,500 units at a price of $0.08 per unit. Each unit consists 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 $0.16 per share during the first year and $0.20 per share during the second year. All securities issued are subject to a four month and a day hold period expiring on December 16, 2014.\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.\n\n \n \n\n\n\nClick Image To View Full Size\n\n\n\nAbout Next Gen\n\n\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 www.nextgenmetalsinc.com . \n\n \n \nFor further information on this Private Placem...