Early Warning Disclosure for Rackla Metals shares
Early Warning Disclosure for Rackla Metals shares
Vancouver, British Columbia – November 18, 2024 – Rackla Metals Inc. (TSX-V: RAK) announces that
Alejandro E. Gubbins Cox has acquired on the TSX Venture Exchange 428,667 common shares (“Shares”)
of Rackla Metals Inc. (the “Issuer”) at a total cost of $40,530. Prior to the acquisition, he owned 9,750,333
Shares of the Issuer, representing 9.9% of the Issuer’s issued Shares, and warrants to purchase up to
8,333,333 Shares of the Issuer. Following the acquisition, Mr. Gubbins Cox owned 10,179,000 Shares,
representing approximately 10.4% of the Issuer’s issued Shares, and 8,333,333 warrants. Assuming
exercise of the warrants in full, he would own 18,512,333 Shares, or 17.5% of the then issued Shares of
the Issuer on a partially diluted basis.
The Shares were acquired for investment purposes. Mr. Gubbins Cox may acquire additional securities of
the Issuer or dispose of existing securities of the Issuer on the basis of his assessment of market conditions,
reformulation of plans and/or other relevant factors, in each case in accordance with applicable securities
regulatory requirements.
Mr. Gubbins Cox's early warning report has been filed and is available for viewing on SEDAR+, and a copy
of the report may also be obtained by emailing [email protected].
About Rackla
Rackla Metals Inc. (TSX-V: RAK) is a Vancouver, Canada based junior gold exploration company. The
Company is targeting Reduced Intrusion-Related Gold Systems (RIRGS) mineralization on the southeastern
part of the Tombstone Gold Belt in eastern Yukon and western Northwest Territories. Management
believes that this area, which is underexplored for RIRGS deposit types, has the potential to be the next
frontier for their discovery.
ON BEHALF OF THE BOARD
Simon Ridgway,
CEO and Director
Tel: (604) 801-5432; Fax: (604) 662-8829
Email: [email protected]
Website: www.racklametals.com
Su e – urrar S ree
a u er a a a
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Certain statements contained in this news release constitute forward-looking statements within the meaning of
Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-
looking statements and include, without limitation, statements about the Company’s business and properties. Often,
but not always, these forward looking statements can be identified by the use of words such as “estimate”,
“estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”,
“gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”,
or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative
variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially different from any results, performance
or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among
others, changes in general economic conditions and financial markets; the Company or any joint venture partner not
having the financial ability to meet its exploration and development goals; risks associated with the results of
exploration and development activities, estimation of mineral resources and the geology, grade and continuity of
mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s
quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR+ at
www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of
management, including but not limited to: that the Company’s stated goals and planned exploration activities at its
properties will be achieved; that there will be no material adverse change affecting the Company, its properties or its
securities; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof
and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as required by law. There can be no assurance that forward-
looking statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking
statements.