SOURCE: General Metals Corporation

April 29, 2010 09:07 ET

General Metals Announces Annual and Special Meeting May 15, 2010

RENO, NV--(Marketwire - April 29, 2010) -  General Metals (OTCBB: GNMT) (FRANKFURT: GMQ) announces that it has called its Annual Meeting to take place at the Siena Hotel in Reno, NV at 1:30 pm on Saturday, May 15, 2010. This will also be a Special Meeting dealing with changes in corporate charter more fully discussed in the Definitive 14A Proxy Statement filed April 14, 2010 with the SEC. The record date for shares eligible to vote at the meeting is March 25, 2010.

The Meeting is being held for the following purposes:

1. to elect a board of five (5) directors;

2. to ratify the appointment of Mark Bailey & Company, Ltd., Certified Public Accountants as the Corporation's independent public accounting firm for the year ending April 30, 2010;

3. to authorize an amendment to our Certificate of Incorporation to increase the authorized number of shares of our common stock from 220,000,000 shares to 500,000,000 shares, par value of $0.001 per share;

4. to approve an amendment to our Certificate of Incorporation to amend the preferred shares to authorize the directors of the Corporation to fix and determine the designations, rights, preferences or other variations of such class or series within each class of capital stock of the Corporation and to issue the shares of stock for such consideration as may be fixed by the Board of Directors;

5. to authorize an 11 for 10 forward stock split of our company's authorized and issued and outstanding shares of common stock.

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 and developing its 100% controlled Independence property strategically located in the prolific and highly prospective Battle Mountain Mining District of Nevada.

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 most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Wayne Meyerson
    Investor Relations
    General Metals Corporation
    615 Sierra Rose Dr. Suite 1
    Reno, NV 89511
    wayne@gnmtlive.com
    775.583.4636 office
    775.830.6429 cell