November 21, 2012
Rackla Metals Proposes Share ConsolidationNovember 21, 2012 -- Rackla Metals Inc.
(TSX-V: 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
Contact: Jaclyn Ruptash
Tel: (604) 801-5432; Fax: (604) 662-8829
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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.