Rackla Metals Proposes $500,000 Private Placement
Rackla Metals Proposes $500,000 Private Placement
January 7, 2020; Vancouver, BC: Rackla Metals Inc. (TSX-V: RAK) announces that it proposes to complete
a non-brokered private placement consisting of up to 5.0 million units at $0.10 per unit, for proceeds of
up to $ 500,000. Each unit will consist 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.
Management proposes to use t he net proceeds of the placement for general working capital purposes ,
including conducting exploration work on the Company’s Rivier Property and continuing management’s
investigations towards identifying additional mineral properties for acquisition and exploration.
The private placement is subject to acceptance for filing by the TSX Venture Exchange.
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, statements about the proposed completion of the
private placement; the proposed use of the private placement proceeds; 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 alway s, 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”,
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“limited”, “contain ed”, “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, receipt of stock exchange approval to, and completion of, the private placement; changes in
general economic conditions and financial markets; t he 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 o ther 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 private placement will be completed as contemplated; 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 t hat 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.