Rackla Metals to issue shares for debt
Rackla Metals to issue shares for debt
August 20, 2018; Vancouver, BC : Rackla Metals Inc. (TSX -V: RAK) announces that in order
to preserve the Company’s current cash position, management has arranged, subject to stock
exchange approval, to issue 162,450 common shares at a deemed price of $0.10 per share to
Bruce Smith, the Company’s President, to settle $16,245 owing to Mr. Smith for geological
services rendered.
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 proposed issuance of shares to
settle debt; 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”,
“estimated”, “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 re sults, 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 will c omplete the proposed issuance of shares to settle debt; 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 j oint 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 Compa ny 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: expectations that the Company will complete the proposed issuanc e of
shares to settle debt; 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 b e 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 fr om those
anticipated in such statements. Accordingly, investors should not place undue reliance on forward- looking
statements.