Metalla

METALLA ANNOUNCES ANNUAL STOCK OPTION GRANT

Retrieved on: 
Thursday, December 28, 2023

VANCOUVER, BC, Dec. 28, 2023 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) announces its annual equity grant in accordance with the Company's share compensation plan.

Key Points: 
  • VANCOUVER, BC, Dec. 28, 2023 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) announces its annual equity grant in accordance with the Company's share compensation plan.
  • Metalla has granted an aggregate of 587,500 restricted share units (each "RSU") and an aggregate of 922,500 stock options ("Options") to certain directors, officers, consultants, and employees of the Company.
  • The RSUs and Options vest in two equal installments, twelve and twenty-four months from the date of grant.
  • Each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value thereof at the deemed price of C$4.05 and each vested Option will entitle the holder to acquire one common share of the Company at an exercise price of C$4.05 for a period of five years and are subject to vesting provisions.

METALLA PROVIDES THREE-YEAR CORPORATE STRATEGY AND HIGHLIGHTS NEAR-TERM CATALYSTS

Retrieved on: 
Wednesday, December 6, 2023

VANCOUVER, BC, Dec. 6, 2023 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) is pleased to profile its post-merger core assets and provide a three-year corporate strategy and highlights near-term portfolio catalysts.

Key Points: 
  • VANCOUVER, BC, Dec. 6, 2023 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) is pleased to profile its post-merger core assets and provide a three-year corporate strategy and highlights near-term portfolio catalysts.
  • Mr. Heath continued, "Over the next three years as we benefit from the many upcoming catalysts in our portfolio, we intend to focus on additional strategic transactions and the development of a capital return strategy."
  • On November 30, 2023, the Board of Directors authorized the termination of the ATM Program and no further sales will take place thereunder.
  • Metalla will enter 2024 with royalties on six producing assets and three new mines that are expected to commence production during the year.

METALLA AND NOVA ANNOUNCE COMPLETION OF ARRANGEMENT

Retrieved on: 
Friday, December 1, 2023

Under the terms of the Arrangement, each former shareholder of Nova (a "Nova Shareholder") received 0.36 of a common share of Metalla (each whole share, a "Metalla Share") for each Nova Share held immediately prior to the completion of the Arrangement (the "Consideration").

Key Points: 
  • Under the terms of the Arrangement, each former shareholder of Nova (a "Nova Shareholder") received 0.36 of a common share of Metalla (each whole share, a "Metalla Share") for each Nova Share held immediately prior to the completion of the Arrangement (the "Consideration").
  • Pursuant to the Arrangement, Nova options became immediately vested, and such Nova options have been exchanged for replacement options exercisable for Metalla Shares at the same conversion ratio applicable to the Nova Shares, and any certificate or option agreement previously evidencing Nova options now evidences (and shall be deemed to evidence) such replacement options.
  • for those that ceased to be an employee, consultant, ‎officer or director of Nova or Metalla, as the case may be), provided that in no case shall the ‎date of expiry of any replacement option extend beyond the date that is 10 years from ‎the date of grant of the original Nova option.‎
    Pursuant to the Arrangement, each restricted share unit of Nova that was outstanding immediately prior to completion of the Arrangement ("Nova RSU") was deemed to be fully vested and settled in Nova Shares, which Nova Shares participated in the Arrangement.
  • The consideration that a holder of Nova RSUs is entitled to receive under the Arrangement may be subject to tax withholdings in accordance with the Arrangement.

Beedie Investments Ltd. Enters into an Amendment of Convertible Loan Facility with Metalla Royalty & Streaming Ltd.

Retrieved on: 
Monday, October 23, 2023

Vancouver, British Columbia--(Newsfile Corp. - October 23, 2023) - Beedie Investments Ltd. ("Beedie") has entered into a second amended and restated convertible loan agreement dated October 19, 2023 (the "Amended & Restated Loan Agreement") with Metalla Royalty & Streaming Ltd. ("Metalla"), pursuant to which the parties agreed to amend the terms of the existing convertible loan agreement (the "Company Convertible Loan") between Beedie and Metalla (the "Loan Facility"), which will become effective as of the closing of the previously-announced business combination transaction (the "Transaction") involving Metalla and Nova Royalty Corp. ("Nova").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - October 23, 2023) - Beedie Investments Ltd. ("Beedie") has entered into a second amended and restated convertible loan agreement dated October 19, 2023 (the "Amended & Restated Loan Agreement") with Metalla Royalty & Streaming Ltd. ("Metalla"), pursuant to which the parties agreed to amend the terms of the existing convertible loan agreement (the "Company Convertible Loan") between Beedie and Metalla (the "Loan Facility"), which will become effective as of the closing of the previously-announced business combination transaction (the "Transaction") involving Metalla and Nova Royalty Corp. ("Nova").
  • Conversion of the Subscription Receipts into Common Shares is conditional upon completion of the Transaction and certain other conditions.
  • Conversion of the Subscription Receipts into Common Shares is conditional upon completion of the Transaction and certain other conditions.
  • All of the securities held by Beedie in Metalla, including the Common Shares and the Amended & Restated Convertible Loan Agreement, are being held for investment purposes.

METALLA PROVIDES UPDATE ON CÔTÉ AND GOSSELIN ROYALTY

Retrieved on: 
Wednesday, October 25, 2023

Metalla owns a 1.35% Net Smelter Return royalty on Gosselin and a portion of Côté (collectively, the "Royalty").

Key Points: 
  • Metalla owns a 1.35% Net Smelter Return royalty on Gosselin and a portion of Côté (collectively, the "Royalty").
  • Brett Heath, President & CEO of Metalla commented, "We are thrilled to see the continued success in exploration activities at Gosselin, especially the significant intercepts at depth.
  • We look forward to the future at Gosselin and IAMGOLD's work to include the deposit into the future Côté life-of-mine plans."
  • IAMGOLD stated recent drilling at Gosselin provide evidence that the 5 Moz gold Gosselin deposit(1) is approaching similar dimensions as the adjacent ~14 Moz gold Côté deposit(1).

METALLA COMPLETES C$15 MILLION EQUITY PLACEMENT WITH BEEDIE

Retrieved on: 
Monday, October 23, 2023

VANCOUVER, BC, Oct. 23, 2023 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla") (TSXV: MTA) (NYSE American: MTA) is pleased to announce that Beedie Investments Ltd. ("Beedie") has completed funding of ‎the previously announced C$15 million equity placement ‎(the "Equity Investment"), pursuant to which Beedie subscribed for 2,835,539 subscription receipts (the "Subscription Receipts") at a price of C$5.29 per Subscription Receipt.

Key Points: 
  • VANCOUVER, BC, Oct. 23, 2023 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla") (TSXV: MTA) (NYSE American: MTA) is pleased to announce that Beedie Investments Ltd. ("Beedie") has completed funding of ‎the previously announced C$15 million equity placement ‎(the "Equity Investment"), pursuant to which Beedie subscribed for 2,835,539 subscription receipts (the "Subscription Receipts") at a price of C$5.29 per Subscription Receipt.
  • The TSX Venture Exchange has conditionally accepted for listing the Metalla Shares issuable upon conversion of the Subscription Receipts, subject to receipt of final approval.
  • The proceeds of the Equity Investment will be held in escrow pending satisfaction of the Escrow Release Conditions.
  • If the Escrow Release Conditions are satisfied on or before March 1, 2024, the escrowed funds will be released to Metalla.

METALLA SIGNS AMENDED CONVERTIBLE LOAN AGREEMENT FOR C$50 MILLION

Retrieved on: 
Thursday, October 19, 2023

VANCOUVER, BC, Oct. 19, 2023 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla") (TSXV: MTA) (NYSE American: MTA) is pleased to announce that, in connection with the plan of arrangement transaction between Metalla and Nova Royalty Corp. ("Nova")(TSXV: NOVR) announced on September 8, 2023 ("Transaction"), Metalla has signed an amended and restated convertible loan facility agreement (the "CLA") with Beedie Investments Ltd. ("Beedie"), to be effective on the closing of the Transaction.

Key Points: 
  • VANCOUVER, BC, Oct. 19, 2023 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla") (TSXV: MTA) (NYSE American: MTA) is pleased to announce that, in connection with the plan of arrangement transaction between Metalla and Nova Royalty Corp. ("Nova")(TSXV: NOVR) announced on September 8, 2023 ("Transaction"), Metalla has signed an amended and restated convertible loan facility agreement (the "CLA") with Beedie Investments Ltd. ("Beedie"), to be effective on the closing of the Transaction.
  • On September 8, 2023, concurrent with the announcement of the plan of arrangement with Nova, Metalla announced a strategic partnership with Beedie whereby Beedie will:
    amend the convertible loan agreement Beedie has with Metalla, increasing the principal amount from C$25.0 million to C$50.0 million (the "Metalla Convertible Loan");
    terminate the convertible loan agreement Beedie has with Nova (the "Nova Convertible Loan") through full repayment using the Metalla Convertible Loan; and
    Metalla and Beedie have entered into the CLA, effective as at closing of the Transaction, pursuant to which the parties agreed as follows:
    i.  to increase the loan facility from C$25.0 million to C$50.0 million;
    C$16.4 million (convertible at a conversion price of C$6.00 per common share of Metalla (each, a "Metalla Share")), to refinance the C$4.2 million principal outstanding under the Metalla Convertible Loan, and the C$12.2 million principal outstanding under the Nova Convertible Loan;
    an amount equal to the aggregate interest and fees outstanding under the Nova Convertible Loan and the existing Metalla convertible loan as at the time of the closing of the Transaction, with the amount of interest to be convertible at the market price of a Metalla Share on the TSX Venture Exchange as of the ‎date of conversion and unpaid fees shall not be convertible.
  • The accrued and unpaid interest and fees were C$2.6 million as of October 19, 2023;
    an amendment fee of approximately C$0.1 million ‎payable to Beedie; and
    iii.
  • Concurrent with the closing of the Transaction, Metalla will draw down on the Metalla Convertible Loan and pay out ‎and discharge all obligations under the Nova Convertible Loan and the facility will be ‎terminated.

METALLA SELLS CORTEZ MINERAL CLAIMS TO NEVADA GOLD MINES FOR $5 MILLION AND DECLARES A SPECIAL DIVIDEND

Retrieved on: 
Tuesday, July 11, 2023

Brett Heath, President and CEO of Metalla, commented, "This transaction is a great example of the embedded optionality within our portfolio.

Key Points: 
  • Brett Heath, President and CEO of Metalla, commented, "This transaction is a great example of the embedded optionality within our portfolio.
  • Mr. Heath continued, "We are excited to declare a special dividend allowing shareholders of record to take part in this exciting sale.
  • The Property covers approximately 1,060 hectares of exploration land east and south of Nevada Gold Mines' Goldrush deposit along the Battle Mountain-Eureka trend.
  • The table below sets out the Special Dividend record and payment dates for shareholders of record.

METALLA ANNOUNCES BOARD CHANGE

Retrieved on: 
Thursday, May 18, 2023

VANCOUVER, BC, May 17, 2023 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) announced today that Douglas B.

Key Points: 
  • VANCOUVER, BC, May 17, 2023 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) announced today that Douglas B.
  • Silver has stepped down as a director of the Company.
  • Brett Heath, President, and CEO of Metalla commented "On behalf of the board of directors and our management team, we want to thank Mr. Silver for his contributions to the Company during his tenure as a director and we wish him all the best in his future endeavours."

METALLA COMPLETES ACQUISITION OF ROYALTIES ON BARRICK GOLD'S LAMA COMPLEX

Retrieved on: 
Thursday, March 9, 2023

Unless otherwise specified, all references to dollars set forth herein shall mean United States dollars.

Key Points: 
  • Unless otherwise specified, all references to dollars set forth herein shall mean United States dollars.
  • VANCOUVER, BC, March 9, 2023 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (NYSE American: MTA) (TSXV: MTA) is pleased to announce that, further to its news release dated December 12, 2022, it has completed (the "Closing") the acquisition of one half of an existing 5% to 7.5% step scale gross gold proceeds royalty (constituting a 2.5% to 3.75% step scale gross gold proceeds royalty payable to Metalla) that is payable on gold bullion and unrefined gold, and one half of an existing 0.5% to 6% sliding scale net smelter return royalty (constituting a 0.25% to 3.0% sliding scale net smelter return royalty payable to Metalla) on copper and all other minerals (other than silver and gold), extracted from the Lama project owned and operated by a wholly-owned subsidiary of Barrick Gold Corporation, from an arm's length third party for $2.5 million in cash and 466,827 common shares of Metalla ("Shares") at a price of $5.3553 per Share (representing $2.5 million priced on the 15-day volume-weighted average price on the NYSE American at signing).
  • An additional $2.5 million in cash or common shares is to be paid to the third party within 90 days upon the earlier of (i) a 2 Moz gold proven & probable mineral reserve estimate on the royalty area, or (ii) 36 months after the Closing for a total purchase price of $7.5 million in cash and common shares.