-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NHWNqQHkUEgsWyUNUXWNWousBuCzeFTdnOzjvrJ4LJ1yordS91s4OF1KCWlsHO87 31Zh9vrloLI4nYCQJXJD6g== 0001062993-08-002839.txt : 20080618 0001062993-08-002839.hdr.sgml : 20080618 20080618150614 ACCESSION NUMBER: 0001062993-08-002839 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080301 ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080618 DATE AS OF CHANGE: 20080618 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL METALS CORP CENTRAL INDEX KEY: 0001060910 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 650488983 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30230 FILM NUMBER: 08905567 BUSINESS ADDRESS: STREET 1: 615 SIERRA ROSE DRIVE CITY: RENO STATE: NV ZIP: 89511 BUSINESS PHONE: 775-621-5400 MAIL ADDRESS: STREET 1: 615 SIERRA ROSE DRIVE CITY: RENO STATE: NV ZIP: 89511 FORMER COMPANY: FORMER CONFORMED NAME: RECOV Energy, Corp. DATE OF NAME CHANGE: 20050715 FORMER COMPANY: FORMER CONFORMED NAME: INTERACTIVE MULTIMEDIA NETWORK INC DATE OF NAME CHANGE: 20010627 8-K 1 form8k.htm CURRENT REPORT Filed by sedaredgar.com - General Metals Corp. - Form 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 1, 2008

GENERAL METALS CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)

000-30230
(Commission File Number)

65-0488983
(IRS Employer Identification No.)

615 Sierra Rose Drive, Reno NV 89511
(Address of principal executive offices and Zip Code)

Registrant's telephone number, including area code (775) 621-5400

1 E. Liberty St., Suite 6000, Reno, Nevada 89501
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))


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Item 3.02 Unregistered Sales of Equity Securities

Effective March 1, 2008, we issued 500,000 units at a purchase price of $0.10 per unit for gross proceeds of $50,000 to two subscribers. Each unit consists of one common share and one common share purchase warrant. Each warrant entitling the holder to purchase one share of our common stock at a price of $0.20 per share for a period of 24 months from the date of issuance.

Effective March 20, 2008, we issued 2,200 common shares upon the exercise of share purchase warrants to one warrant holder. Each warrant was exercisable at $0.125 per share.

Effective March 20, 2008, we issued 117,666 units at a purchase price of $0.10 per unit for gross proceeds of $11,766 to ten subscribers. Each unit consists of one common share and one common share purchase warrant. Each warrant entitling the holder to purchase one share of our common stock at a price of $0.20 per share for a period of 24 months from the date of issuance.

Effective March 30, 2008, we issued 16,633 units at a purchase price of $0.10 per unit for gross proceeds of $1,663 to two subscribers. Each unit consists of one common share and one common share purchase warrant. Each warrant entitling the holder to purchase one share of our common stock at a price of $0.20 per share for a period of 24 months from the date of issuance.

Effective April 1, 2008, we issued 146,300 common shares upon the exercise of share purchase warrants to one warrant holder. Each warrant was exercisable at $0.085 per share.

Effective April 8, 2008, we issued 150,000 common shares as compensation for services rendered to one service provider.

Effective April 23, 2008, we issued 50,000 units at a purchase price of $0.10 per unit for gross proceeds of $1,663 to one subscriber. Each unit consists of one common share and one common share purchase warrant. Each warrant entitling the holder to purchase one share of our common stock at a price of $0.20 per share for a period of 24 months from the date of issuance.

Effective April 28, 2008, we issued 250,000 common shares upon the exercise of share purchase warrants to one warrant holder. Each warrant was exercisable at $0. 05 per share.

Effective April 23, 2008, we issued 400,000 shares, in a private placement, at a purchase price of $0.05 per share for gross proceeds of $20,000 to one subscriber.

Effective April 30, 2008, we issued 29,412 common shares upon the exercise of share purchase warrants to one warrant holder. Each warrant was exercisable at $0.085 per share.

Effective May 10, 2008, we issued 25,530 common shares upon the exercise of share purchase warrants to two warrant holders. Each warrant was exercisable at $0.085 per share.

Effective May 13, 2008, we issued 1,000,000 shares, in a private placement, at a purchase price of $0.05 per share for gross proceeds of $50,000 to one subscriber.

Effective May 14, 2008, we issued 25,000 units at a purchase price of $0.20 per unit for gross proceeds of $6,250 to one subscriber. Each unit consists of two common shares and one common share purchase warrant. Each warrant entitling the holder to purchase one share of our common stock at a price of $0.20 per share for a period of 24 months from the date of issuance.

Effective May 22, 2008, we issued 1,080,000 shares, in a private placement, at a purchase price of $0.05 per share for gross proceeds of $54,000 to five subscribers.

Effective May 22, 2008, we issued 250,000 shares, in a private placement, at a purchase price of $0.06 per share for gross proceeds of $15,000 to one subscriber.

Effective May 22, 2008, we issued 100,000 common shares as compensation for services rendered to one service provider.

Effective May 28, 2008, we issued 500,000 shares, in a private placement, at a purchase price of $0.05 per share for gross proceeds of $25,000 to three subscribers.

Effective May 28, 2008, we issued 75,000 units at a purchase price of $0.20 per unit for gross proceeds of $15,000 to one subscriber. Each unit consists of two common shares and one common share purchase warrant. Each warrant entitling the holder to purchase one share of our common stock at a price of $0.20 per share for a period of 24 months from the date of issuance.


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Effective May 29, 2008, we issued 1,102,000 shares, in a private placement, at a purchase price of $0.05 per share for gross proceeds of $35,100 to five subscribers.

Effective June 3, 2008, we issued 200,000 shares, in a private placement, at a purchase price of $0.05 per share for gross proceeds of $10,000 to one subscriber.

Effective June 6, 2008, we issued 100,000 shares, in a private placement, at a purchase price of $0.05 per share for gross proceeds of $5,000 to one subscriber.

Effective June 9, 2008, we issued 75,000 shares, in a private placement, at a purchase price of $0.05 per share for gross proceeds of $3,750 to one subscriber.

All of the securities were issued to U.S. persons (as that term is defined in Regulation S of the Securities Act of 1933) relying upon Rule 506 of Regulation D of the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits

99.1 News Release dated June 16, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GENERAL METALS CORPORATION

/s/ Stephen Parent
Stephen Parent
President and Chief Executive Officer

Date: June 17, 2008


EX-99.1 2 exhibit99-1.htm PRESS RELEASE Filed by sedaredgar.com - General Metals Corp. - Exhibit 99.1

General Metals Raises Over $550,000 Via Private Placement

RENO, NV - (MARKET WIRE) – June 16, 2008 - General Metals Corporation (the "Company") (OTC BB:GNMT -News) (Frankfurt: GMQ - News) raises almost $484,000 from a recent private placement of 8,716.299 restricted common shares and 514,299 warrants. In addition, $28,500 was paid for the exercise of warrants resulting in the issuance of 476,442 restricted common shares. Another 850,000 restricted common shares were issued for services to be provided for the company related to engineering, geologic and investor relations services.

“Raising more than $500,000 at this stage and in this market endorses our efforts to bring the Independence project into production. We are grateful for this vote of confidence shown by those investors that joined us at this time,” said Dan Forbush, the Company CFO.

“Drilling has continued uninterrupted at the Independence Mine and we are in hole #GM 60 at this time. Management is currently working to prepare a 43-101 compliant resource report, which will assist in production development efforts being handled by Dyer Engineering of Reno, NV”, said Company President and CEO, Steve Parent.

About General Metals Corporation: General Metals Corporation is an aggressive junior minerals exploration and development company, based in Reno, Nevada. The Company controls 100% of the strategically situated Independence property located in the prolific and highly prospective Battle Mountain Mining District on the Battle Mountain – Eureka gold trend, in Humboldt County, Nevada. The Company also owns 150 sq. km. of mining concessions for gold, diamonds and base metals in Ghana, West Africa and plans to commence exploration activities this year.

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 Phase 1 drilling at its Independence Mine in Nevada or any shallow mining production later this year, the budget for the Phase 1 drilling program, that an estimated 235,000 ounces of gold and 2,500,000 ounces of 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 2007 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:
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


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