Rackla Metals proposes name change; grants stock options
Rackla Metals proposes name change; grants stock options
May 3, 2019; Vancouver, BC : Rackla Metals Inc. (TSX -V: RAK) announces that its Board of
Directors has approved , subject to stock exchange approval, a proposed change in the
Company’s name to “Valliant Metals Inc.”.
Rackla also announces that it has granted incentive stock options to its directors and employees
to purchase up to an aggregate of 470,000 common shares of the Company exercisable for up to
ten years at a price of $0.10 per share.
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 inc lude, without limitation, statements about the Company’s proposed name
change, its 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.
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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 proposed name change will be completed as planned; the
Company’s plans for its properties and possible future propert y 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 res ults 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 name change will be c ompleted as
planned; 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 disclai ms 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.