New Generation Consumer Group Inc (NGCG)

[FreezeThese]

A tad too convenient? New project, new management, new deal ... you seen their last two hits?

The Company has a 100% interest in the Toni Property free and clear of all charges, encumbrances and claims. As consideration the Company paid $30,000, issued 300,000 common shares and incurred at least $250,000 in cumulative exploration expenditures during the years ended February 28, 2006 and 2007. The agreement is subject to a 2% net smelter return royalty.

63k in Analysis and report preparation last year alone, for a project of a quarter million dollars a decade ago, and 24k this year to realize 813 Canadian in receivables and 3k cash. The Mexican slash Arizona adventure...

During the year ended February 28, 2014, the Company determined the Reforma Project to be impaired and wrote down the carrying value of the Reforma Project to $1.