TSX.V: N OTC Pink: NXTTF
VANCOUVER, Sept. 7, 2012 /CNW/ - Next Gen Metals Inc. ("the Company") (TSX.V: N, OTC Pink: NXTTF). is pleased to announce the results of the 2012 Annual General and Special Meeting (the "AGSM") held September 6, 2012 at the Company's executive offices in Vancouver, B.C.
At the AGSM, James Stafford Chartered Accountants Inc. was re-appointed as the Company's auditors. The Company's stock option plan was approved by the shareholders as well as a proposed share consolidation not to exceed three (3) old common shares for one (1) new common share was approved. The actual necessity on whether to proceed with the consolidation is to be determined by the Company's directors and will be subject to TSX Venture approval. The shareholders also voted in favour of electing the Company's nominees as directors: Harry Barr, Linda Holmes, Kevin Lawrence and John Londry.
The Board of Directors of the Company further announce the resignation of Paul Reinhart as a director of the Company. The Board wishes to thank Mr. Reinhart for his services to the Company and wishes him success in his future endeavors.
The Company's Directors are pleased to announce Mr. Michael Neumann P. Eng. has been appointed to its Board of Directors at the Directors Meeting held following the Company's 2012 AGSM.
Mr. Neumann brings significant experience in the mining arena and has been Proprietor of Neumann Engineering and Mining Services, Inc. since 1993 providing international engineering services focusing primarily on underground hard rock engineering facets such as mine design, productivity improvements, rock mechanics, second opinions, peer reviews and other types of studies.
Mr. Neumann is a graduate of Haileybury School of Mines and Michigan Technological University (Mining Engineering Degree) a member of the Canadian Institute of Mining, the International Society of Rock Mechanics and the Association of Professional Engineers of Ontario. Concurrent with his current position, from 2003 to 2006, Mr. Neumann was Director and Chief Operating Officer of Silver Eagle Mines Inc., (now Excellon Resources Inc.) a TSX listed Canadian-based silver exploration and development company focused on acquiring, exploring and developing high grade silver deposits among the silver mines in Mexico. Prior to this Mr. Neumann was Co- Founder and Director of the Engineering Seismology Group Inc. based in Kingston, Ontario. His early industry experience includes positions of Chief Engineer at Campbell Red Lake Mines and Underground Superintendent at Barrick's Holt McDermott Mine.
About Next Gen Metals Inc.
Next Gen Metals Inc. is a mineral exploration company with a primary focus on gold, silver and base metals projects in North America.
The Company's portfolio features a gold/base metals exploration project in the Abitibi Greenstone Belt, 90 km north of Val d'Or, Quebec called the Fate Project. The Company is also exploring the Silver Chalice epithermal gold-silver Project in Alaska.
The Company is aggressively seeking and continues to evaluate advanced stage gold, silver and base metals projects to add to its property portfolio.
On behalf of the Board of Directors
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.. Note: this release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as "continue", "efforts", "expect", "believe", "anticipate", "confident", "intend", "strategy", "plan", "will", "estimate", "project", "goal", "target", "prospects", "optimistic" or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
SOURCE: Next Gen Metals Inc.
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Ali H.Alizadeh, Vice President Exploration
Next Gen Metals Inc.