Metalla Announces Closing of Beedie Conversion, Debt Repayment of C$2 Million, and Annual Equity Grant
METALLA ANNOUNCES CLOSING OF BEEDIE CONVERSION, DEBT
REPAYMENT OF C$2 MILLION, AND ANNUAL EQUITY GRANT
TSXV:
MTA
NYSE AMERICAN:
MTA
VANCOUVER, BC
,
Feb. 21, 2025
/CNW/ - Metalla Royalty & Streaming Ltd. ("
Metalla
") or ("
Company
") (NYSE American: MTA) (TSXV: MTA) is pleased to
announce that Beedie Capital ("
Beedie
") has increased their equity position in Metalla with the issuance of 412,088 common shares of Metalla (the "
Shares
") on
February 4, 2025
. As previously announced by the Company, on
January 13
, 2025, Beedie elected to convert
C$1.5 million
of the accrued and unpaid interest
under the existing convertible loan facility between Metalla and Beedie (the "
Loan Facility
") into 412,088 Shares at a conversion price of
C$3.64
per Share, being
the closing price of the Shares on the TSXV on
January 13, 2025
. Following the interest conversion, Beedie now owns approximately 10.3% of the issued and
outstanding Shares.
Additionally, on
January 31, 2025
, the Company made a payment of
C$2.0 million
to Beedie to reduce all unpaid and accrued fees and interest under the Loan
Facility to $Nil as of the payment date. As at
January 31, 2025
, taking into account the conversion and payment discussed above, the Company had
C$16.4
million
outstanding under the Loan Facility with a conversion price of
C$6.00
per Share, and had
C$30.9 million
available under the Loan Facility with the
conversion price to be determined on the date of any future advances.
ANNUAL EQUITY GRANT
Effective
February 20, 2025
, Metalla completed its 2024 annual equity grant in accordance with the Company's share compensation plan. Metalla has granted an
aggregate of 525,788 restricted share units (each "
RSU
") and an aggregate of 955,000 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 Share and each vested Option will entitle the holder to acquire one Share at an exercise price of
C$4.41
for a period of five
years.
ABOUT METALLA
Metalla is a royalty and streaming company with leveraged exposure to gold, silver, and copper. We offer investors a peer-leading growth profile with best-in-
class operators and jurisdictional exposure focused on
North America
,
South America
, and
Australia
. Metalla is led by an experienced management team that has
acquired over 100 royalties completing 32 value accretive transactions over 8 years.
For further information, please visit our website at
www.metallaroyalty.com
.
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
Chief Executive Officer
Website:
www.metallaroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accept responsibility for the
adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements")
within the meaning of applicable
securities legislation.
Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected",
"budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative
variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be
taken, occur, or be achieved. Forward-looking statements include, but are not limited to, the timing of vesting and settlement of RSUs, if at all; the timing of
vesting and exercise of Options, if at all.
Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while
believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-
looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Metalla to
control or predict, that may cause Metalla's actual results, performance or achievements to be materially different from those expressed or implied thereby, and
are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: that the RSUs may not vest or
be settled; that the Options may not best or be exercised; and the other risks and uncertainties disclosed under the heading "Risk Factors" in the Company's
most recent annual information form, annual report on Form 40-F and other documents filed with or submitted to the Canadian securities regulatory authorities
on the SEDAR website at
www.sedar.com
and the U.S. Securities and Exchange Commission on the EDGAR website at
www.sec.gov
. Metalla undertakes no
obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best
judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly,
readers are advised not to place undue reliance on forward-looking statements.
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SOURCE
Metalla Royalty & Streaming Ltd.
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%SEDAR: 00005157E
For further information:
CONTACT INFORMATION: Metalla Royalty & Streaming Ltd., Brett Heath, Chief Executive Officer, Phone: 604-696-0741, Email:
[email protected]; Kristina Pillon, Investor Relations, Phone: 604-908-1695, Email: [email protected]
CO: Metalla Royalty & Streaming Ltd.
CNW 07:00e 21-FEB-25