Rackla Metals on notice for transfer to NEX
Rackla Metals on notice for transfer to NEX
June 2, 2020; Vancouver, BC: Rackla Metals Inc. (TSX-V: RAK) reports that the TSX Venture Exchange has
determined that the Company does not currently meet the continued listing requirements for a Tier 2
listed company, and therefore the Company is on notice from the Exchange that its listing may be
transferred to NEX. At present, the Exchange has not set a deadline for Rackla to comply with Tier 2
requirements.
About Rackla
Rackla Metals owns the Rivi er 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 possible transfer of the Company’s listing to NEX; the
Company’s plans for its properties; the Company’s business strategy, pla ns 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 suc h 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 sta tements that events, “could” or “should” occur or be achieved and similar expressions, including negative
variations.
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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 the Company’s listing will be transferred to NEX; 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, 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 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.