Business
Rackla Metals increases previously announced non-brokered private placement
(TheNewswire) Vancouver, BC - TheNewswire - December 19, 2022 - Rackla Metals I...
About this update from Rackla Metals Inc.
[{"type":"text","content":"Rackla Metals increases previously announced non-brokered private placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver,\n \n \n BC - TheNewswire -\n \n \n December 19, 2022 -\n \n \n Rackla Metals Inc. (TSXV-RAK) (the “\n \n \n Company\n \n \n ”) is\npleased to announce that, as a result of strong demand, it has added a\nhard-dollar unit offering (the “\n \n \n HD Offering\n \n \n ”)\ncomponent to its previously announced non-brokered private placement\n(the “\n \n \n FT\nOffering\n \n \n ”, and together with the HD Offering,\nthe “\n \n \n Offering\n \n \n ”), and has increased the size of the Offering to a minimum\nof $3,489,025. The Company now intends to issue (i) 11,365,000\nflow-through units (the “\n \n \n FT\nUnits\n \n \n ”) per the terms described in the\nDecember 8, 2022 press release, and (ii) up to 1,250,000 hard-dollar\nunits (the “\n \n \n HD\nUnits\n \n \n ”) at a price of $0.20 per HD Unit. Each\nHD Unit will consist of one common share and one-half warrant. Each\nwhole warrant will entitle the holder to purchase one additional\ncommon share of the Company at $0.35 for two years from the closing\ndate of the financing. All amounts herein are expressed in Canadian\ndollars.\n \n \n \n \n The proceeds from the HD Offering are intended to be\nused for general corporate purposes. The Offering is subject to\nacceptance for filing by the TSX Venture Exchange.\n \n \n \n \n The securities to be offered\npursuant to the financing have not been, and will not be, registered\nunder the U.S. Securities Act of 1933, as amended (the \"U.S.\nSecurities Act\") or any U.S. state securities laws, and may not\nbe offered or sold in the United States or to, or for the account or\nbenefit of, United States persons absent registration or any\napplicable exemption from the registration requirements of the U.S.\nSecurities Act and applicable U.S. state securities laws. This news\nrelease shall not constitute an offer to sell or the solicitation of\nan offer to buy securities in the United States, nor shall there be\nany sale of these securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful.\n \n \n \n \n ON BEHALF OF THE BOARD\n \n \n \n \n Simon Ridgway,\n \n CEO and Director\n \...