Rackla Metals Inc. Secures $2.99 Million Through Private Placement Financing

In a significant financial development, Rackla Metals Inc., a Canadian mineral exploration company, has successfully completed a non-brokered private placement financing, raising a total of $2.99 million. This strategic move is aimed at bolstering the company’s exploration activities across its various projects in the Yukon and Alaska.

The financing was structured through the issuance of 10,640,000 charity flow-through units (CFT Offering) at $0.21 each, generating $2,234,000 in proceeds. Additionally, 5,605,002 hard-dollar units (HD Offering) were issued at $0.15 each, contributing $759,750 to the total funds raised. Each unit comprises one common share of Rackla Metals Inc. and one-half of a warrant, with each whole warrant allowing the holder to purchase an additional common share.

This infusion of capital is expected to significantly enhance Rackla Metals’ exploration capabilities, particularly in its key projects: the Scarlet, Sixty Mile, Ten Mile Creek, and Rivier projects. These ventures are focused on the exploration of base and precious metals, with the company leveraging its strategic locations in the Yukon and Alaska to tap into rich mineral resources.

The successful completion of this financing round underscores the confidence of investors in Rackla Metals’ potential and its strategic initiatives. The funds are anticipated to accelerate the company’s exploration efforts, potentially leading to new discoveries and advancements in its ongoing projects.

As Rackla Metals continues to navigate the competitive landscape of the metals and mining sector, this financial milestone marks a pivotal step in its journey towards realizing its exploration goals and enhancing shareholder value. For more detailed information on Rackla Metals Inc. and its projects, interested parties can visit the company’s website at www.racklametals.com or refer to its listing on the TSX Venture Exchange.