Rackla Metals proposes extension of previously issued private placement warrants
Rackla Metals proposes extension of previously issued private
placement warrants
January 11, 2021; Vancouver, BC : Rackla Metals Inc. (TSX -V: RAK) announces that its management has
determined that it is in the best interests of the Company to extend the expiry date of certain previously
issued private placement warrants. Accordingly, subject to TSX Venture Exchange acceptance, the expiry
date of outstanding warrants to purchase a total of 5,000,000 common shares at $0.15 per share will be
extended by one year to February 11, 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 extension of the private placement
warrants. Often, but not always, 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”, “offse t”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”,
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“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 the warrant extension will be completed as planned ; changes in general economic condi tions 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 profi le 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 caus e 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: expectations th at the warrant extension will be completed as planned;
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 ant icipated in such statements. Accordingly, investors
should not place undue reliance on forward-looking statements.