|By Marketwired .||
|September 16, 2013 04:13 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/16/13 -- Rackla Metals Inc. (TSX VENTURE:RAK) is pleased to announce that it has arranged, subject to TSX Venture Exchange approval, a non-brokered private placement financing of up to 5.0 million flow-through units at $0.05 per unit, for proceeds of up to $250,000. Each unit will consist of one flow-through common share and one warrant entitling the holder to purchase one additional common share of the Company (non flow-through) at $0.05 for one year from closing.
The Company may pay finder's fees on a portion of the financing, payable in cash or units, plus finder's warrants which will be exercisable into one common share of the Company at a price of $0.05 for one year from closing.
The net proceeds of the placement will be used towards exploration of the Company's properties in the Yukon Territory.
Rackla Metals controls a portfolio of promising gold projects across Yukon Territory, including two extensive claim blocks in the Rackla belt, an emerging trend of Carlin type gold systems in east-central Yukon, the Sixty Mile project near Dawson City, and the King Solomon's Dome Property in the heart of the Klondike goldfields.
ON BEHALF OF THE BOARD
Simon Ridgway, President and CEO
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of the Company. Actual results may differ materially from those currently anticipated in such statement.