Business
Rackla Metals provides update on $972,000 private placement
(TheNewswire) January 6, 2021 – TheNewswire - Vancouver, BC - ...
About this update from Rackla Metals Inc.
[{"type":"text","content":"Rackla Metals provides update on $972,000 private placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n January 6, 2021 –\n \n \n TheNewswire -\n \n \n Vancouver, BC -\n \n \n Rackla Metals Inc. (TSXV:RAK) announces that it has received from the\nTSX Venture Exchange an extension to close its previously announced\nnon-brokered private placement of up to 8.1 million units at $0.12 per\nunit, for proceeds of up to $972,000.  Each unit will consist of one\ncommon share and one warrant entitling the holder to purchase one\nadditional common share of the Company at $0.15 for one year from\nclosing.  Management proposes to use the net proceeds of the\nplacement for conducting exploration drilling on the Company's Rivier\nProperty in the coming year, for continuing investigations of\nadditional mineral properties for acquisition, and for general working\ncapital purposes.\n \n \n \n \n The completion of the private placement is subject to\nacceptance by the TSX Venture Exchange, and closing is anticipated to\ntake place within the next two weeks.\n \n \n \n \n About Rackla\n \n \n \n \n Management of Rackla Metals is encouraged by the\nrenewed strength in the precious metals market and\n \n \n is actively seeking new projects for acquisition as the\nCompany continues to advance its Rivier Project in the Yukon.\n \n \n \n \n \n \n ON BEHALF OF THE\nBOARD\n \n \n \n \n Simon Ridgway,\n \n \n \n \n CEO and Director\n \n \n \n \n Tel: (604) 801-5432;   Fax: (604) 662-8829\n \n \n \n \n Email: [email protected]\n \n \n \n \n Website: www.racklametals.com\n \n \n \n \n Neither the TSX Venture Exchange nor\nthe Investment Industry Regulatory Organization of Canada accepts\nresponsibility for the adequacy or accuracy of this release.\n \n \n \n \n Forward-Looking\nStatements\n \n \n \n \n Certain statements contained in this\nnews release constitute forward-looking statements within the meaning\nof Canadian securities legislation.  All statements included herein,\nother than statements of historical fact, are forward-looking\nstatements and include, without limitation, statements about the\ncompletion of the private placement and future exploration work by the\nCompany.  Often, but not always, these forward looking statements can\nbe identified by the use of words such as “estimate”,\n“...