XGEN Ventures Inc. (the "Company") (NEX BOARD:XGN.H) announces that it has
updated its financial arrangements with two of its directors whereby these
directors have provided to date, a total of $670,000 of loans to the Company
through September 2009. 


This capital has been provided by the directors to support the Company's ongoing
working capital needs and its capital expenditures. These loans are secured by a
second charge on the Company's assets and bear interest at a rate of 12% per
annum and a maturity date of June 15, 2010.
Xgen Ventures Inc. (TSXV:XGN.H)
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