(TheNewswire)
Vancouver, BC - TheNewswire - December 19, 2022 - Rackla Metals Inc. (TSXV-RAK) (the “ Company ”) ispleased to announce that, as a result of strong demand, it has added ahard-dollar unit offering (the “ HD Offering ”)component to its previously announced non-brokered private placement(the “ FTOffering ”, and together with the HD Offering,the “ Offering ”), and has increased the size of the Offering to a minimumof $3,489,025. The Company now intends to issue (i) 11,365,000flow-through units (the “ FTUnits ”) per the terms described in theDecember 8, 2022 press release, and (ii) up to 1,250,000 hard-dollarunits (the “ HDUnits ”) at a price of $0.20 per HD Unit. EachHD Unit will consist of one common share and one-half warrant. Eachwhole warrant will entitle the holder to purchase one additionalcommon share of the Company at $0.35 for two years from the closingdate of the financing. All amounts herein are expressed in Canadiandollars.
The proceeds from the HD Offering are intended to beused for general corporate purposes. The Offering is subject toacceptance for filing by the TSX Venture Exchange.
The securities to be offeredpursuant to the financing have not been, and will not be, registeredunder the U.S. Securities Act of 1933, as amended (the "U.S.Securities Act") or any U.S. state securities laws, and may notbe offered or sold in the United States or to, or for the account orbenefit of, United States persons absent registration or anyapplicable exemption from the registration requirements of the U.S.Securities Act and applicable U.S. state securities laws. This newsrelease shall not constitute an offer to sell or the solicitation ofan offer to buy securities in the United States, nor shall there beany sale of these securities in any jurisdiction in which such offer,solicitation or sale would be unlawful.
ON BEHALF OF THE BOARD
Simon Ridgway,
CEO and Director
Tel: (604) 801-5432; Fax: (604) 662-8829
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 press release.
Forward-LookingInformation
Certain statements contained in thisnews release constitute forward-looking statements within the meaningof Canadian secu ritieslegislation. All statements included herein, other than statements ofhistorical fact, are forward-looking statements and include, withoutlimitation, statements about the Company’s proposed financing, andfuture exploration activities. Often, but not always, these forwardlooking 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 thatevents, “could” or “should” occur or be achieved and similarexpressions, including negative variations.
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, whether stockexchange approval to the financing will be obtained and the financingwill be completed as planned; changes in general economic conditionsand financial markets; the Company or any joint venture partner nothaving the financial ability to meet its exploration and developmentgoals; risks associated with the results of exploration anddevelopment activities, estimation of mineral resources and thegeology, grade and continuity of mineral deposits; unanticipated costsand expenses; and such other risks detailed from time to time in theCompany’s quarterly and annual filings with securities regulatorsand available under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events orresults to differ from those anticipated, estimated orintended.
Forward-looking statements containedherein are based on the assumptions, beliefs, expectations andopinions of management, including but not limited to: that stockexchange approval to the financing will be obtained and that thefinancing will be completed as planned; that the Company’s statedgoals and planned exploration activities at its properties will beachieved; that there will be no material adverse change affecting theCompany or its properties; and such other assumptions as set outherein. Forward-looking statements are made as of the date hereof andthe Company 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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