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  • Rackla Metals (RAK) has upsized its private placement for proceeds of at least $2.85 million
  • The company will issue up to 10 million flow-through units at $0.285 per unit
  • Net proceeds from the placement will be used for conducting exploration and drilling on the company’s Tombstone Gold Belt properties
  • Crescat Capital is acquiring a minimum of $1.0 million of the total financing
  • Rackla Metals is a Canada-based mineral exploration company
  • Rackla Metals Inc. (RAK) is up 4.17 per cent, trading at C$0.25 per share at 12:45 pm ET

Rackla Metals (RAK) has upsized its previously-announced non-brokered private placement for proceeds of at least $2,850,000.

The company will issue up to 10 million flow-through units at $0.285 per unit. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at $0.35 for two years from the closing date of the financing.

Net proceeds from the placement will be used for conducting exploration and drilling on the company’s Tombstone Gold Belt properties in the coming year and for general working capital.

Rackla Metals is a Canada-based mineral exploration company engaged in the exploration of mineral properties in Canada. It has an interest in the Rivier Property located in the Yukon Territory.

Rackla Metals Inc. (RAK) is up 4.17 per cent on the day, trading at C$0.25 per share at 12:45 pm ET.


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