Metalla Completes Acquisition of Royalty Portfolio from Alamos GOLD NYSE American: MTA
METALLA COMPLETES ACQUISITION OF ROYALTY
PORTFOLIO FROM ALAMOS GOLD
NYSE AMERICAN:
MTA
TSX-V:
MTA
VANCOUVER, BC
,
Feb. 23, 2023
/CNW/
-
Metalla Royalty & Streaming Ltd. ("
Metalla
" or the "
Company
") (NYSE American:
MTA) (TSXV: MTA) is pleased to announce that, further to its news release dated
December 22, 2022
, it has closed (the
"
Closing
") the acquisition of a portfolio of one silver stream and three royalties (the "
Transaction
") from Alamos Gold Inc.
(NYSE: AGI) (TSX: AGI) for 939,355 of common shares of Metalla at a price of
US$5.3228
per share (representing the 20-day
VWAP on the NYSE American at signing).
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"
Website:
www.metallaroyalty.com
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 news release contains forward-looking statements and forward-looking information within the meaning of
United States
and Canadian regulations. 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 in this release include, but are not limited to, statements with respect to
future cash generation; and the Company's potential to become a leading gold and silver company.
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 risk that the milestones may not be satisfied; risks associated with the impact of general business and
economic
conditions; the absence of control over mining operations from which Metalla will purchase precious metals or from
which it
will receive stream or royalty payments and risks related to those mining operations, including risks related to
international
operations, government and environmental regulation, delays in mine development, construction and
operations, actual
results of mining and current exploration activities, conclusions of economic evaluations and changes in
project parameters as
plans are refined; problems related to the ability to market precious metals or other metals; industry
conditions, including
commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government
entities of tax laws or the
implementation of new tax laws; regulatory, political or economic developments in any of the
countries where properties in
which Metalla holds a royalty, stream or other interest are located or through which they are
held; risks related to the
operators of the properties in which Metalla holds a royalty or stream or other interest, including
changes in the ownership and
control of such operators; risks related to global pandemics, including the novel coronavirus
(COVID-19) global health
pandemic, and the spread of other viruses or pathogens; influence of macroeconomic
developments; business opportunities
that become available to, or are pursued by Metalla; reduced access to debt and
equity capital; litigation; title, permit or
license disputes related to interests on any of the properties in which Metalla holds a
royalty, stream or other interest; the
volatility of the stock market; competition; future sales or issuances of debt or equity
securities; use of proceeds; dividend
policy and future payment of dividends; liquidity; market for securities; enforcement of
civil judgments; and risks relating to
Metalla potentially being a passive foreign investment company within the meaning of
U.S. federal tax laws; 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
. Although Metalla has attempted to identify important factors that could cause actual actions, events or results to
differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or
results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. 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.
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SOURCE
Metalla Royalty and Streaming Ltd.
View original content to download multimedia:
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%SEDAR: 00005157E
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]
CO: Metalla Royalty and Streaming Ltd.
CNW 20:13e 23-FEB-23