RSS SubscribeVancouver, British Columbia – May 25, 2026 – Rackla Metals Inc. (TSX-V: RAK) (the “Company”) is pleased to report that it has closed its previously announced non-brokered private placement financing (the “Offering”), raising total gross proceeds of $3.44 million with the issuance of 16.0 million charity flow-through units (the “CFT Units”) at a price of $0.215 per unit.
Each CFT Unit consists 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 entitles 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.