Rackla Metals Proposes Share Consolidation
VANCOUVER, Nov. 21, 2012 /PRNewswire/ - Rackla Metals Inc. (TSXV: RAK) announces that its Board of Directors has determined that
in order to facilitate future equity financings for the Company and to
attract new business opportunities, it may be necessary to consolidate
the share capital on the basis of one new share for up to five existing
shares. The share consolidation may also include a change of name of
the Company. The share consolidation and change of name will be
subject to acceptance for filing by the TSX Venture Exchange and to
shareholder approval which will be requested at the Company’s annual
and special meeting to be held on December 20, 2012.
Rackla Metals controls a portfolio of promising gold projects across
Yukon Territory, including two extensive claim blocks in the Rackla
belt -an emerging trend of Carlin type gold systems in east-central
Yukon- and the Sixty Mile project near Dawson City.
ON BEHALF OF THE BOARD
President and CEO
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Canada accepts responsibility for the adequacy or accuracy of this
Some of the statements in this news release contain forward-looking
information that involves
inherent risk and uncertainty affecting the business of the Company.
Actual results may differ
materially from those currently anticipated in such statement.
SOURCE Rackla Metals Inc.