Rackla Metals increases previously announced non-brokered private placement
Rackla Metals increases previously announced non-brokered private
placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION
DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Vancouver, British Columbia – December 19, 2022 – Rackla Metals Inc. (TSXV-RAK) (the “Company”) is pleased to
announce that, as a result of strong demand, it has added a hard -dollar unit offering (the “ HD Offering ”)
component to its previously announced non -brokered private placement (the “FT Offering”, and together with
the HD Offering, the “Offering”), and has increased the size of the Offering to a minimum of $3, 489,025. The
Company now intends to issue (i) 11,365,000 flow-through units (the “FT Units”) per the terms described in the
December 8, 2022 press release, and (ii) up to 1,250,000 hard-dollar units (the “HD Units”) at a price of $0.20 per
HD Unit. Each HD Unit will consist of one common share and one-half warrant. Each whole warrant will entitle the
holder to purchase one additional common share of the Company at $0.35 for two years from the closing date of
the financing. All amounts herein are expressed in Canadian dollars.
The proceeds from the HD Offering are intended to be used for general corporate purposes. The Offering is subject
to acceptance for filing by the TSX Venture Exchange.
The securities to be offered pursuant to the financing have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the " U.S. Securities Act ") or any U.S. state securities laws , and may not be
offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration
or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state
securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities
in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful.
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 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 press release.
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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 proposed financing, and future exploration activities. Often,
but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”,
“estimated”, “pote ntial”, “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, whether stock
exchange approval to the financing will be obtained and the financing will be completed as planned; 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 securi ties 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 stock exchange approval to the financing will be obtained and that the
financing will be complete d as planned; 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 or its properties; and such other
assumptions as set out herein. Forwar d-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 statement s.