Proceeds fund exploration on company's properties in Yukon Territory
By Toni Weeks
San Diego, Sept. 17 - Rackla Metals Inc. announced it has arranged a non-brokered private placement of units to raise C$1 million.
The company will sell 2 million flow-through units at C$0.10 per unit and 10 million non-flow-through units at C$0.08 per unit.
Each flow-through and non-flow-through unit will consist of one common share and one-half share warrant. Each whole two-year warrant is exercisable at C$0.10 for one common share. The strike price is identical to the closing share price on Sept. 14.
Axemen Resource Capital Ltd. will receive a finder's fee.
Proceeds will be used for exploration on the company's properties in the Yukon Territory and for general working capital.
Vancouver, B.C.-based Rackla Metals develops gold projects in the Yukon Terriroty.
Issue: | Rackla Metals Inc.
|
Issue: | Flow-through units of one flow-though common share and a half-share warrant, non-flow-through units of one share and a half-share warrant
|
Amount: | C$1 million
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.10
|
Agent: | Non-brokered
|
Pricing date: | Sept. 17
|
Stock symbol: | TSX Venture: RAK
|
Stock price: | C$0.10 at close Sept. 14
|
Market capitalization: | C$5.86 million
|
|
Flow-through units
|
Amount: | C$200,000
|
Units: | 2 million
|
Price | C$0.10
|
|
Units
|
Amount: | C$800,000
|
Units: | 10 million
|
Price: | C$0.08
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.