RAK:CC - Rackla Metals Announces Board Changes and Stock Option Grants
(TheNewswire)
Vancouver, British Columbia – TheNewswire - April 17, 2025 – RacklaMetals Inc. (TSX-V: RAK) (the “Company”) is pleased to announcethe appointment of Tom Garagan to its Board of Directors. Mr.Garagan is a geologist with a Bachelor of Science (Honours) degree ingeology from the University of Ottawa and over 40 years of experienceworking in North and South America, East and West Africa and Russia. He is a founder of B2Gold Corp. (NYSE:BTG, TSX:BTO) and recentlyretired after serving as Senior Vice President, Exploration of B2Goldsince 2007. Prior to that, he was Vice President of Exploration ofBema Gold. Mr. Garagan is a founding Director of BeMetals Corp.(TSX-V:BMET) and has served as a director and/or officer of severalother public companies operating in the resource sector.
The Company also announces that Bruce Smith has steppeddown as a director of Rackla in order to focus on his role asPresident and CEO of Radius Gold Inc. (TSX-V:RDU). The Board ofDirectors and management of Rackla appreciate his valuablecontributions to the Company over the past many years.
Additionally, the Company has granted incentive stockoptions to its directors and officers to purchase up to an aggregateof 1,000,000 shares of Rackla, exercisable for up to ten years at aprice of $0.25 per share.
About Rackla
Rackla Metals Inc. (TSX-V: RAK) is a Vancouver, Canadabased junior gold exploration company. The Company is targetingReduced Intrusion-Related Gold Systems (RIRGS) mineralization on thesoutheastern part of the Tombstone Gold Belt in eastern Yukon andwestern Northwest Territories. Management believes that this area,which is underexplored for RIRGS deposit types, has the potential tobe the next frontier for their discovery.
ON BEHALF OF THE BOARD
Simon Ridgway,
CEO and Director
Tel: (604) 801-5432; Fax: (604) 662-8829
Email: info@goldgroup.com
Website: www.racklametals.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accept responsibility for theadequacy or accuracy of this news release.
Forward-Looking Information
Certain statements contained in thisnews release constitute forward-looking statements within the meaningof Canadian securities legislation. All statements included herein,other than statements of historical fact, are forward- lookingstatements and include, without limitation, the Company’s futureexploration activities; and general business and economic conditions.Often, but not always, these forward looking statements can beidentified 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”, orstatements that events, “could” or “should” occur or beachieved and similar expressions, including negativevariations.
Forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause the actual results, performance or achievements of the Companyto be materially different from any results, performance orachievements expressed or implied by forward-looking statements. Suchuncertainties and factors include, among others, changes in generaleconomic conditions and financial markets; the Company or any jointventure partner not having the financial ability to meet itsexploration and development goals; risks associated with the resultsof exploration and development activities, estimation of mineralresources and the geology, grade and continuity of mineral deposits;unanticipated costs and expenses; and such other risks detailed fromtime to time in the Company’s quarterly and annual filings withsecurities regulators and available under the Company’s profile onSEDAR+ at www.sedarplus.ca . Althoughthe Company has attempted to identify important factors that couldcause actual actions, events or results to differ materially fromthose described in forward-looking statements, there may be otherfactors that cause actions, events or results to differ from thoseanticipated, estimated or intended.
Forward-looking statements containedherein are based on the assumptions, beliefs, expectations andopinions of management, including but not limited to: t hat the Company’s stated goals and planned exploration activitiesat its properties will be achieved; that there will be no materialadverse change affecting the Company, its properties or itssecurities; and such other assumptions as set out herein.Forward-looking statements are made as of the date hereof and theCompany disclaims any obligation to update any forward-lookingstatements, whether as a result of new information, future events orresults or otherwise, except as required by law. There can be noassurance that forward-looking statements will prove to be accurate,as actual results and future events could differ materially from thoseanticipated in such statements. Accordingly, investors should notplace undue reliance on forward-looking statements.
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