Metalla Arranges $7 Million Private Placement
FOR IMMEDIATE RELEASE Toronto CSE: MTA OTCQB: EXCFF Frankfurt: X9CP February 13, 2017
Toronto, Canada: Metalla Royalty & Streaming Ltd. (“Metalla” or the “Company”) (CSE:MTA) (OTCQB:EXCFF) (FRANKFURT:X9CP) is pleased to announce that it has arranged a private placement of 14,000,000 units (“Units”) at $0.50 per Unit for a total gross proceeds of $7,000,000, of which 8,000,000 Units will be offered for sale on a best efforts basis through Eight Capital for gross proceeds of up to $4,000,000. Each Unit consists of one common share and one-half of one common share purchase warrant. Each full warrant is exercisable to acquire an additional common share at $0.75 per share for a period of two years from the closing date. The warrants are subject to an acceleration clause if the stock trades at or above $1.00 for ten consecutive trading days. All securities issued in connection with the offering are subject to a four-month-and-a-day hold period. Broker fees where applicable are 7% cash commission and 7% broker warrants at $0.75 for 2 years.
The equivalent of US$2 million of the proceeds will be used to acquire 15% of the issued shares in Silverback Ltd. as announced on January 18, 2017. Silverback Ltd. owns a silver stream on producing Gold Mine, which produced 81,873 oz Au and 121,682 oz Ag in 2015. The silver stream covers 100% of the silver produced from the operation and according to the Silver Streaming Agreement, silver is
| purchased at 10% of the spot price and the stream continues through 2026. Metalla also has an | “option” |
| granted by Silverback Ltd. to co-invest on a future streaming transaction for up to US$2 million. All future | |
| transactions are subject to diligence and financing. |
“This financing is another important milestone for Metalla allowing it to acquire its first cash flowing asset with direct exposure to silver,” stated Brett Heath, President of Metalla.
Metalla Royalty & Streaming Ltd. is a precious metals royalty and streaming company engaged in the acquisition and management of precious metal royalties, streams, and similar production-based interests.
On behalf of the Board of Directors:
For more information please contact:
“Brett Heath” Tel: 416-925-0090
President and Director Email: [email protected] www.metallaroyalty.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.