SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (92628)8/20/2020 4:14:31 PM
From: Goose94Respond to of 203085
 
Valliant Metals (RAK-V) intraday new 52 week high, 24 cents



To: Goose94 who wrote (92628)10/22/2020 8:15:00 AM
From: Goose94Read Replies (1) | Respond to of 203085
 
Valliant Metals (RAK-V) proposes $900k PP

Oct 22, '20 - NR

Rackla Metals announces that it proposes to complete a non-brokered private placement consisting of up to 7.5 million units at $0.12 per unit, for proceeds of up to $900,000. Each unit will consist of one common share and one warrant entitling the holder to purchase one additional common share of the Company at $0.15 for one year from closing. Management proposes to use the net proceeds of the placement for conducting exploration drilling on the Company's Rivier Property in the coming year, for continuing investigations of additional mineral properties for acquisition, and for general working capital purposes.

The Company has recently signed an exclusivity agreement to review the Expo property from Ron Berdahl of Whitehorse, Yukon. The Expo property is located in the region of the Rivier Property and covers a prominent series of VMS targets in the heart of the Finlayson Lake VMS district. Recent soil geochemistry work and aerial geophysics highlight a Zn/Au soil anomaly 800m X 300m which complements past prospecting finds and highlights the potential for discovery. The agreement gives Rackla exclusivity to review the data until April 1,2021.

The private placement is subject to acceptance for filing by the TSX Venture Exchange.

Technical Information

Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Rackla’s Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and has prepared and approved the technical information contained in this news release.

About Rackla

Management of Rackla Metals is encouraged by the renewed strength in the precious metals market and is actively seeking new projects for acquisition as the Company continues to advance its Rivier Project in the Yukon.

ON BEHALF OF THE BOARD

Bruce Smith,

President and Director

Tel: (604) 801-5432; Fax: (604) 662-8829

Email: info@goldgroup.com

Website: www.racklametals.com