Rackla Metals completes $972,000 private placement
Rackla Metals completes $972,000 private placement
January 26, 2021; Vancouver, BC: Rackla Metals Inc. (TSX-V: RAK) is pleased to report that it has closed
its previously announced private placement financing with the issuance of 8.1 million units at $0.12 per
unit, for total proceeds of $972,000. Each unit consists 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 on closing are subject to a regulatory resale restriction until
May 26, 2021. In addition, the Company and the purchasers of the units have agreed that the common
shares are subject to a resale restriction until January 26, 2022.
About Rackla
Management of Rackla Metals is encouraged by the renewed strength in the precious metals market and
is actively seeking new projects for acquisition as the Company continues to advance its Rivier Project in
the Yukon.
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
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 and inc lude, without limitation, statements about the Company’s future activities . Often, but
not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”,
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“estimated”, “potential”, “open”, “future”, “assume d”, “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 express ions, 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,
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 suc h 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 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 and
development activities will be achieved; that there will b e no material adverse change affecting the Company or its
properties; 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 fr om those
anticipated in such statements. Accordingly, investors should not place undue reliance on forward -looking
statements.