Business
Rackla Metals Completes $500,000 Private Placement
(via TheNewswire) Vancouver, BC - TheNewswire - February 13, 2020 Rackla Meta...
About this update from Rackla Metals Inc.
[{"type":"text","content":"Rackla Metals Completes $500,000 Private Placement(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - February 13, 2020 Rackla Metals Inc. (TSXV:RAK) is pleased to announce that it has closed its previously announced private placement financing with the issuance of 5.0 million units at $0.10 per unit, for proceeds of $500,000. Each unit consists 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. \n\n \n \nThe common shares and warrants issued in the placement are subject to a resale restriction until June 13, 2020. \n\n \n \nAbout Rackla\n\n \n \nRackla Metals owns the Rivier gold project in the Yukon Territory, and management is actively investigating new prospective projects for acquisition.\n\n \n \nON BEHALF OF THE BOARD\n\n \n \nSimon Ridgway,\n\n\n \nDirector & Chief Executive Officer\n\n \n \nContact: Simon Ridgway\n\n\n \nTel: (604) 801-5432; Fax: (604) 662-8829\n\n\n \nEmail: [email protected]\n\n\n \nWebsite: www.racklametals.com\n\n \n \nNeither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.\n\n \n \nForward-Looking Statements\n\n \n \nCertain 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 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 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. \n\n \n \nForward-looking Statements involve known and unknow...