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HIT Property Option Agreement
The Company has exercised its option to acquire a 100% interest, subject to a 2.5% NSR royalty, in the HIT property from
I. paid
II. within 12 months of signing:
paid an additional
CAD$25,000 cash to Aben,issued 250,000 common shares of Rackla to Aben, and
incurred in excess of the minimum requirement of
$100,000 in exploration expenditures on the HIT property.
The shares issued to Aben are subject to a resale restriction which expires on
SER Property Option Agreement
The Company has exercised its option to acquire a 100% interest, subject to a 2.5% NSR royalty, in the SER property from Sabre Gold Mines Corp. (TSX-SGLD). Pursuant to the SER Option Agreement dated
I. paid
II. within 12 months of signing, paid an additional
The shares issued to Sabre are subject to a resale restriction which expires on
Astro Property Option Agreement
The Company has exercised its option to acquire a 100% interest, subject to a 2.5% NSR royalty, in the Astro property from Orogen Royalties Inc. (TSXV-OGN). Pursuant to the Astro Option Agreement dated
I. issued to Orogen 120,000 common shares of Rackla upon signing of the agreement,
II. within 12 months of signing:
paid an additional
CAD$382,000 final payment by the issuance of 1,705,357 common shares of Rackla to Orogen,incurred in excess of the minimum requirement of
$250,000 in exploration expenditures on the Astro property, andmade arrangements to extinguish the
CAD$40,000 security bond put in place by Orogen with the NWT mining authority.
The shares issued to Orogen are subject to a resale restriction which expires on
The Company is excited to have exercised these three agreements and looks forward to furthering exploration within the
Figure 1. Region of Rackla Metals’ Astro, HIT and SER properties along the
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Qualified Person
About Rackla
ON BEHALF OF THE BOARD
CEO and Director
Tel: (604) 801-5432; Fax: (604) 662-8829
Email: info@goldgroup.com
Website: www.racklametals.com
Neither the
Forward-Looking Information
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, statements about the Company’s proposed exploration activities. Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company’s stated goals and planned exploration activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
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