Business
Rackla Metals Proposes $500,000 Private Placement
(via TheNewswire) Vancouver, BC - TheNewswire - January 7, 2020 - Rackla Metals...
About this update from Rackla Metals Inc.
[{"type":"text","content":"Rackla Metals Proposes $500,000 Private Placement(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - January 7, 2020 - Rackla Metals Inc. (TSXV:RAK) announces that it proposes to complete a non-brokered private placement consisting of up to 5.0 million units at $0.10 per unit, for proceeds of up to $500,000. Each unit will consist 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. Management proposes to use the net proceeds of the placement for general working capital purposes, including conducting exploration work on the Company's Rivier Property and continuing management's investigations towards identifying additional mineral properties for acquisition and exploration. \n\n \n \nThe private placement is subject to acceptance for filing by the TSX Venture Exchange. \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, statements about the proposed completion of the private placement; the proposed use of the private placement proceeds; 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\", \"proje...