Metalla Closes $12 Million Convertible Loan Facility From Beedie Capital
Metalla Closes $12 Million Convertible Loan
Facility From Beedie Capital
TSXV: MTA
OTCQX: MTAFF
VANCOUVER
,
April 23, 2019
/CNW/ -
Metalla Royalty & Streaming Ltd.
("
Metalla
" or the
"
Company
") (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) is pleased to announce that it
has closed its convertible loan facility (the "
Loan Facility
") of
C$12.0 million
(the "
Loan
") with
Beedie Capital ("
Beedie
") to fund acquisitions of new royalties and streams (the "
Closing
"). The
Loan will be funded by way of an initial advance of
C$7.0 million
within 90 days from the Closing,
and the remaining
C$5.0 million
will be available for subsequent advances in minimum tranches of
C$1.25 million
. The Loan Facility carries an interest rate of 8.0% on advanced funds and 2.5% on
standby funds available, with the principal payment due 48 months after the Closing. The Loan can
be repaid with no penalty after 18 months and carries no warrant coverage. The principal amount of
the Loan is convertible into common shares of the Company ("
Metalla Shares
") at a conversion
price of C$1.39 at the option of Beedie and is secured by certain assets of the Company. Metalla
Shares acquired on conversion will be subject to a four-month hold period.
ABOUT METALLA
Metalla is a precious metals royalty and streaming company. Metalla provides shareholders with
leveraged precious metal exposure through a diversified and growing portfolio of royalties and
streams. Our strong foundation of current and future cash-generating asset base, combined with an
experienced team gives Metalla a path to become one of the leading gold and silver companies for
the next commodities cycle.
For further information, please visit our website at
www.metallaroyalty.com
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
President and CEO
Neither the TSXV 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 press release contains "forward-looking information" and "forward-looking statements" within
the meaning of applicable Canadian and U.S. securities legislation. The forward-looking
statements herein are made as of the date of this press release only, and the Company does not
assume any obligation to update or revise them to reflect new information, estimates or opinions,
future events or results or otherwise, except as required by applicable law.
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 and information include, but are not limited to, statements with respect to the
proposed use of proceeds from the Loan, and proposed future transactions Metalla may undertake
and their expected timing. 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: the requirement for regulatory approvals and third party consents, the
impact of general business and economic conditions, the absence of control over the mining
operations from which Metalla will purchase gold and receive royalties, including risks related to
international operations, government relations and environmental regulation, the inherent risks
involved in the exploration and development of mineral properties; the uncertainties involved in
interpreting exploration data; the potential for delays in exploration or development activities; the
geology, grade and continuity of mineral deposits; the possibility that future exploration,
development or mining results will not be consistent with Metalla's expectations; accidents,
equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or
interruptions in operations; fluctuating metal prices; unanticipated costs and expenses;
uncertainties relating to the availability and costs of financing needed in the future; the inherent
uncertainty of production and cost estimates and the potential for unexpected costs and expenses,
commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental
regulatory restrictions; liability, competition, loss of key employees and other related risks and
uncertainties. 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 or information. Some of the disclosure in this
press release is based on information publicly disclosed by the owners or operators of these
properties and information/data available in the public domain as at the date hereof, and none of
this information has been independently verified by Metalla.
Readers are cautioned that forward-looking statements are not guarantees of future performance.
All of the forward-looking statements made in this press release are qualified by these cautionary
statements.
SOURCE
Metalla Royalty and Streaming Ltd.
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For further information:
Metalla Royalty & Streaming Ltd., Brett Heath, President & CEO, Phone:
604-696-0741, Email: [email protected]; Kristina Pillon, Investor Relations, Phone: 604-908-
1695, Email:
[email protected], Website: www.metallaroyalty.com
CO: Metalla Royalty and Streaming Ltd.
CNW 07:00e 23-APR-19