/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
VANCOUVER, Sept. 17, 2012 /CNW/ - Rackla Metals Inc. (TSX-V: RAK) is pleased to announce that it has arranged, subject to
stock exchange approval, a non-brokered private placement financing to
raise up to $1.0 million. The financing will consist of up to 2.0
million flow-through units at $0.10 per unit for proceeds of $200,000,
and up to 10.0 million non flow-through units at $0.08 per unit for
proceeds of $800,000. Each unit will consist of one common share and
one-half of a warrant. Each whole warrant will entitle the holder to
purchase one additional common share of the Company (non flow-through)
at $0.10 for two years from closing.
The Company will allocate a portion of the financing to subscribers
found by Axemen Resource Capital Ltd., an Exempt Market Dealer, and may
agree to similar allocations to other exempt market or investment
dealers. The Company will pay finder's fees equal to 5% of
subscription amounts found, payable in cash or units, plus issue
finder's warrants in an amount equal to 5% of units purchased. Each
finder's warrant will be exercisable into one common share of the
Company at a price of $0.10 for two years from closing.
The net proceeds of the placement will be used for exploration of the
Company's properties in the Yukon Territory, and for general working
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- and the Sixty Mile project near Dawson City.
ON BEHALF OF THE BOARD
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.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available
Forward-Looking StatementSome 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.
SOURCE: Rackla Metals Inc.
For further information:
Tel: (604) 801-5432; Fax: (604) 662-8829