RENO, Nev.--(BUSINESS WIRE)--NexGen Mining Incorporated (OTCPK:NXGM) (“NexGen” or the “Company”), formerly known as Brilliant Sands Incorporated, is proud to announce that it finalized the agreement for the sale of its frac sand assets in October 2017. The Company held a shareholder meeting on December 29, 2017 to approve and ratify the sale of the frac sand assets and change the company name to NexGen Mining Incorporated. The Company is currently quoted on the OTC Pink marketplace under the ticker symbol “NXGM”.
As a result of the sale of the Company’s frac sand assets, NexGen Mining is in a financially strong position and are currently evaluating advanced stage precious and strategic metal projects. “Returning to the core of our business is a natural evolution of our Company. The sale of our frac sand assets positioned NexGen for substantial future growth when advanced stage precious and strategic metal asset acquisitions are complete,” said Marc J. Andrews, NexGen’s President and Chief Executive Officer.
Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words "plan," "believe," "expect," "anticipate," "intend," "estimate," "project," "may," "will," "would," "could," "should," "seeks," or "scheduled to," or other similar words, or the negative of these terms or other variations of these terms or comparable or similar language, or by discussion of strategy or intentions. Such forward-looking statements include, without limitation, statements regarding future business strategy, plans and goals and other statements that are not historical facts. Forward-looking statements address activities, events or developments that the Company expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Although management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. A copy of the Company's report for the year ending December 31, 2016, can be found on the OTC Pink marketplace website at www.otcmarkets.com.