Rackla Metals Completes $500,000 Private Placement
Rackla Metals Completes $500,000 Private Placement
February 13, 2020; Vancouver, BC : Rackla Metals Inc. (TSX -V: RAK) is pleased to announce that it has
closed its previously announced private placement financing with the issuance of 5.0 million units at
$0.10 per unit, for proceeds of $ 500,000. Each unit consist s of one common share and one warrant
entitling the holder to purchase one additional common share of the Company at $0. 15 for one year
from closing.
The common shares and warrants issued in the placement are subject to a resale restriction until June
13, 2020.
About Rackla
Rackla Metals owns the Rivier gold project in the Yukon Territory, and management is actively
investigating new prospective projects for acquisition.
ON BEHALF OF THE BOARD
Simon Ridgway,
Director & Chief Executive Officer
Contact: Simon Ridgway
Tel: (604) 801-5432; Fax: (604) 662-8829
Email: [email protected]
Website: www.racklametals.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
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 may include, without limitation, the Company’s plans for its properties; the Company’s
business strategy, plans and outlook; the merit of the Company’s properties; timelines; the future financial
performance of the Company; expenditures; approvals and other matters. 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”,
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“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 m aterially 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; t he Company or any jo int
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 minera l 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.sedar.com . Although the Compan y 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 activities will be in accordance with its public
statements and stated goals; that all required approvals will be obtained; that there will be no material adverse
change affecting the Company or its properties; and such other assumptions as set out herein. Forward -looking
statements are made as o f 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.