Rackla Metals issues shares for debt
Rackla Metals issues shares for debt
September 17, 2018; Vancouver, BC : Rackla Metals Inc. (TSX -V: RAK) reports that it has
completed its previously announced proposed settlement of a $16,245 debt owing to Bruce
Smith, the Company’s President, for geological services rendered, by the issuance of 162,450
common shares at a deemed price of $0.10 per share. The shares have a resale restriction which
expires on January 11, 2019.
About Rackla
Rackla Metals is actively investigating new prospective projects for acquisition and continues to
seek joint venture partners for its Rivier Project in the Yukon.
ON BEHALF OF THE BOARD
Simon Ridgway,
Chief Executive Officer 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 include, without limitation, statements about the Company’s plans for its properties
and possible future property acquisitions . Often, but not always, these forward looking statements can be identified
by the use of words such as “estimate”, “estimates”, “es timated”, “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,
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performance or achievements expressed or implied by forward- looking statements. Such uncertainties and factors
include, among others, whether the Company’s plans for its properties and possible future property acquisitions will
proceed as anticipated; 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.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, expectati ons and opinions of
management, including but not limited to: expectations that the Company’s plans for its properties and possible
future property acquisitions will proceed as anticipated; that the Company’s stated goals and planned exploration
and development activities 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. 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.