Rackla Metals Proposes Share Consolidation
21 Novembro 2012 - 11:30AM
PR Newswire (Canada)
Rackla Metals Proposes Share Consolidation
VANCOUVER,
Nov. 21, 2012 /CNW/ - 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.
About Rackla
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
"Simon Ridgway"
President and CEO
Neither the TSX Venture Exchange nor the
Investment Industry Regulatory Organization of
Canada accepts responsibility
for the adequacy or accuracy of this release.
Forward-Looking Statement
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.
Copyright 2012 Canada NewsWire
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