RSS SubscribeVancouver, British Columbia – April 22, 2026 – Rackla Metals Inc. (TSX-V: RAK) (the “Company”) is pleased to announce that it proposes to complete a non-brokered private placement financing to raise gross proceeds of up to $3.44 million (the “Offering”) by the issuance of up to 16 million charity flow-through units (the “CFT Units”) at a price of $0.215 per unit. The Offering has been structured to take advantage of the LIFE exemption whereby common shares issued pursuant to the exemption will be freely tradeable listed equity securities not subject to any hold period (see below).
Each CFT Unit will consist of one charity flow-through common share in the capital of the Company (each, a “Common Share”) that will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) (each, a “CFT Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one non-flow-through Common Share (each, a “Warrant Share”) at an exercise price of $0.20 per Warrant Share for a period of 12 months following the closing of the Offering.