Rackla Metals Arranges $1.0 Million Private Placement

    




 /NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR  DISSEMINATION IN THE UNITED STATES/ 

 VANCOUVER, Sept. 17, 2012 /CNW/ - Rackla Metals Inc.  is pleased to announce that it has arranged, subject to  stock exchange approval, a non-brokered private placement financing to  raise up to $1.0 million.  The financing will consist of up to 2.0  million flow-through units at $0.10 per unit for proceeds of $200,000,  and up to 10.0 million non flow-through units at $0.08 per unit for  proceeds of $800,000.  Each unit will consist of one common share and  one-half of a warrant.  Each whole warrant will entitle the holder to  purchase one additional common share of the Company (non flow-through)  at $0.10 for two years from closing. 

 The Company will allocate a portion of the financing to subscribers  found by Axemen Resource Capital Ltd., an Exempt Market Dealer, and may  agree to similar allocations to other exempt market or investment  dealers.  The Company will pay finder's fees equal to 5% of  subscription amounts found, payable in cash or units, plus issue  finder's warrants in an amount equal to 5% of units purchased.  Each  finder's warrant will be exercisable into one common share of the  Company at a price of $0.10 for two years from closing. 

 The net proceeds of the placement will be used for exploration of the  Company's properties in the Yukon Territory, and for general working  capital purposes. 

 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. 

 This news release does not constitute an offer to sell or a solicitation  of an offer to buy any of the securities in the United States. The  securities have not been and will not be registered under the United  States Securities Act of 1933, as amended (the "U.S. Securities Act")  or any state securities laws and may not be offered or sold within the  United States or to U.S. Persons unless registered under the U.S.  Securities Act and applicable state securities laws or an exemption  from such registration is available 

 Forward-Looking StatementSome 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. 

Rackla Metals Inc.


CONTACT:  Jaclyn RuptashTel: [phone];   Fax: [phone]Email: [e-mail]: www.racklametals.com 


    

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