Metalla Closes Acquisition of Royalty and Streaming Portfolio from Coeur Mining
METALLA CLOSES ACQUISITION OF ROYALTY AND STREAMING
PORTFOLIO FROM COEUR MINING
FOR IMMEDIATE RELEASE CSE: MTA
OTCQB: EXCFF
July 31, 2017
Frankfurt: X9CP
Vancouver, Canada: Metalla Royalty & Streaming Ltd. (“Metalla” or the “ Company”) (CSE:MTA)
(OTCQB:EXCFF) (FRANKFURT:X9CP) is pleased to announce that it has closed the transaction
announced on June 12, 2017 in accordance with the Share and Asset Purchase Agreement (the
“Agreement”) entered into with Coeur Mining, Inc. (“ Coeur Mining”) and certain subsidiaries of Coeur
Mining (collectively “Coeur”) dated June 9, 2017 (the “Transaction”). As part of the Transaction:
• Metalla acquired a portfolio of three (3) royalties and one (1 ) stream (the “ Coeur Portfolio”); and
• Metalla issued to Coeur Mining a total of 14,546,597 common shares from its treasury and an
unsecured convertible debenture in the principal amount of US$ 6,677,475.63 (the “ Convertible
Debenture”).
Brett Heath, President and CEO of Metalla commented, “ This transaction represents a transformational
growth step for Metalla. We have meaningfully increased our annual cash flow, increased our scale, while
simultaneously adding geographic and counter-party diversification. This also positions Metalla to achieve
its goal of paying a dividend in 2018”.
Transaction Highlights
• Significant Cash Flow to Start Immediately: The Coeur Portfolio will provide immediate leverage
to silver and gold prices. Two (2) out of the four (4) assets are currently in production with the third
(3rd) planned for development by a major silver producer.
• Counterparty Diversification: The Coeur Portfolio counterparties include Cobar Operations Pty Ltd.,
a wholly owned subsidiary of CBH Resources Limited, Pan American Silver Corp., Dynasty Metals &
Mining Inc., and Regulus Resources Inc.
• Asset Diversification: The Coeur Portfolio will give the Company exposure to assets in Australia,
Argentina, Ecuador, and Chile.
• Long-Term Optionality: Combination of significant near term cash flow and long life development
assets.
• New Major Shareholder: Coeur will join Metalla as its largest shareholder.
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Metalla Post Closing Capital Structure
Post closing of the Transaction, Metalla now has approximately 73,098,480 common shares issued and
outstanding, of which Coeur holds approximately 19.9%. Metalla also has the Convertible Debenture
outstanding and held by Coeur in the principal amount of US$6,677,475.63. The Convertible Debenture
will automatically convert into common shares of Metalla at future financings (at the future financing price)
or asset acquisitions (at the acquisition price) to maintain Coeur’s 19.9% until the outstanding principal is
either converted in full or otherwise repaid. The Convertible Debenture is unsecured and will bear interest
at a rate of 5% per annum.
Corporate Update
Metalla also announces that it has granted incentive stock options to directors, officers and consultants of
the Company for the right to purchase up to an aggregate of 1,900,000 common shares of the Company,
exercisable at a price of $0.54 for a period of five years from the date of grant. The options were granted
in accordance with the Company’s incentive stock option plan.
About Metalla
Metalla was created for the purpose of providing shareholders with leveraged precious metal exposure by
acquiring royalties and streams. Our goal is to increase share value by accumulating a diversified portfolio
of royalties and streams with attractive returns. 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.
“Brett Heath”
President & CEO, Director
CONTACT INFORMATION
Metalla Royalty & Streaming Ltd.
Brett Heath, President & CEO
Phone: 604-696-0741
Email: [email protected]
Website: www.metallaroyalty.com
INVESTOR RELATIONS
Renmark Financial Communications Inc.
Barry Mire: [email protected]
Tel: (416) 644-2020 or (514) 939-3989
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains certain "forward looking statements" and certain "forward -looking information" as defined under applicable
Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-
looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "antici pate", "believe", "continue", "plans" or
similar terminology. Forward -looking statements and information include, but are not limited to, statements with respect to the
Transaction, anticipated cash flows upon completion of the Transaction, payment of any dividends and proposed future
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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 mate rially
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 environmen tal
regulation, the inherent risks involved in the exploration and development of mineral properties; the uncert ainties 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 interrupt ions 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 co sts
and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, incl uding 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 and readers are advised not to place undue reliance on forward-looking statements or information.