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To: Goose94 who wrote (10547)12/8/2014 1:08:51 PM
From: Hovel downsRead Replies (1) | Respond to of 203325
 
RAK.v is he buying the 2.5 million shares on sale today @.005



To: Goose94 who wrote (10547)9/3/2015 9:02:55 AM
From: Goose94Read Replies (1) | Respond to of 203325
 
Rackla Metals (RAK-V) Sept 3rd 2015 announces that it intends to complete a 1:5 share consolidation and a $250,000 private placement financing.

Management believes that in order to facilitate equity financings for the Company and to attract new business opportunities, it is necessary to consolidate the share capital on the basis of one new share for every five existing shares.

The Company also proposes to arrange a non-brokered private placement which will close after the consolidation has been effected, and which will consist of, on a post-consolidation basis, up to 5.0 million units at $0.05 per unit, for proceeds of up to $250,000. Each unit will consist of one post-consolidation common share and one warrant entitling the holder to purchase one additional post-consolidation common share of the Company at $0.05 for two years from closing. The net proceeds of the placement will be used for general working capital purposes, including funding the Company's ongoing investigations towards identifying a prospective mineral property for acquisition and exploration.

The share consolidation and private placement are subject to acceptance for filing by the TSX Venture Exchange. The name of the Company will remain unchanged. Upon completion of the 1:5 consolidation and the private placement, the Company's current issued capital of 50,494,238 common shares would become 15,098,848 common shares.

About Rackla

Rackla Metals controls a portfolio of gold projects across Yukon Territory. As well, management is actively seeking prospective projects for possible acquisition.

ON BEHALF OF THE BOARD

Simon Ridgway, President and CEO

Rackla Metals Inc.
Simon Ridgway
(604) 662-8829
(604) 801-5432
info@goldgroup.com
www.racklametals.com