Science & Technology
Science and Technology
Science and Technology
Thu, July 2, 2009
Wed, July 1, 2009 General Metals Corporation : General Metals Engages Mark Bailey & Company as Company Auditors
RENO, NV--(Marketwire - July 1, 2009) - General Metals Corporation (the "Company") ( "The Company is currently working diligently to bring the Independence project into production. Engaging Mark Bailey & Company, LTD. is just one of the steps we are undertaking to allow for that growth," remarked Dan Forbush, Company CFO. "Mark Bailey & Company is a quality Reno-based firm with significant experience in the extractive resources industry which will be very important going forward. With the CPA firm's main office in Reno, communication will be much easier and more timely, improving the quality of the product provided to our shareholders and the investment community." In connection with the audits of the Company's financial statements for each of the two fiscal years ended April 30, 2007 and April 30, 2008 and in the subsequent interim periods through January 31, 2009, there were no disagreements with our predecessor auditor on any matter of accounting principles or practices, financial statement disclosure, or auditing scope and procedures. (See 8-K to be filed shortly for more details.) "We are pleased to add this quality firm to our family of quality contractors and consultants which are assisting us in building the highest quality mid-tier mining company possible," said Steve Parent, Company President and CEO. About General Metals Corporation: General Metals Corporation is an aggressive junior minerals exploration and development company, based in Reno, Nevada. The Company is actively exploring its 100% controlled Independence property strategically located in the prolific and highly prospective Battle Mountain Mining District, Nevada. Permitting and Engineering for heap leach production is underway at the Independence Mine. The Company recently entered into an agreement to sell its 150 sq. km. mining concession for gold, diamonds and base metals in Ghana, West Africa for $1,000,000 in cash and stock and retains a royalty. [ www.gnmtlive.com ] Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that the proceeds from the recent private placement will allow the Company to proceed with permitting at its Independence Mine in Nevada or any shallow mining production later this year, that any estimated ounces of gold or silver are contained in the mineralized material in the "Shallow Target," and is proposed to be mined and loaded onto a cyanide heap leach pad, or any future financings that the Company may enter into. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2008 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
