Metalla Completes Acquisition of Royalty Portfolio from Alamos Gold
Metalla Completes Acquisition of Royalty
Portfolio from Alamos Gold
TSXV: MTA
OTCQX: MTAFF
Frankfurt
: X9CP
VANCOUVER
,
April 17, 2019
/CNW/ -
Metalla Royalty & Streaming Ltd.
("
Metalla
" or the
"
Company
") (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) is pleased to announce that
the Company has completed the first closing on its previously announced acquisition of the royalty
portfolio (the "
Royalty Portfolio
") from Alamos Gold Inc. (NYSE:AGI)(TSX:AGI) and its affiliates
(collectively "
Alamos
") in accordance with a purchase and sale agreement between Metalla and
Alamos.
As consideration for the transaction, Metalla has issued to Alamos 8,219,009 common shares of the
Company for fifteen royalties. Certain additional royalties in the Royalty Portfolio are subject to
rights of first refusal, consents, and future options at agreed to prices and such royalties will be
acquired by the Company pursuant to a second or additional closings.
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 it's 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
timing and completion of any second closing transaction, any exercise of options on royalties
granted to Metalla by Alamos, anticipated cash flows upon completion of the transaction, future
financial reporting by Metalla, the receipt of payments from Metalla's mining royalty and streaming
portfolio, the requirement for regulatory approvals and third-party consents, the Company's
financial guidance, outlook, proposed plans for acquiring additional stream and royalty interests
and the potential of such streams and royalty interests to provide returns and the completion of
mine expansion under construction phases at the mines or properties that the Company holds an
interest in. 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 08:00e 17-APR-19