Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

Metalla Royalty & Streaming launches US$20M equity program to fund future acquisitions

% of readers think this story is Fact. Add your two cents.


Metalla Royalty & Streaming Ltd (NYSEAMERICAN:MTA) (CVE:MTA) has launched a US$20 million at-the-market equity program (ATM program) to fund future acquisitions of streams and royalties and for working capital.

The junior company has struck a deal with a syndicate of agents, including BMO Nesbitt Burns as lead Canadian agent and BMO Capital Markets Corp as the lead US agent. Eight Capital is the Canadian agent and Cormark Securities (USA) Ltd is the US agent.

READ: Metalla Royalty & Streaming continues to scale the business as it grows portfolio to 50 precious metals assets

Under the program, Metalla may distribute up to US$20 million, or the equivalent in Canadian dollars, of shares. The stock will be issued by the company to the public from time to time, through the agents, at Metalla’s discretion, sold at the prevailing market price.

“The net proceeds of any such sales will be used to finance the future purchase of streams and royalties by the company and for general working capital purposes. The company anticipates that it will use the flexibility and availability of the ATM program to finance small transactions, and the amended Beedie convertible loan facility for larger transactions,” the firm told investors.

Metalla leverages its precious metal exposure through a diversified and rapidly growing portfolio of royalties and streams. The group currently holds 50 precious metal assets, compared to 43 back in April this year.

In its results for the fiscal year to end May, reported in August, chief executive Brett Heath said: “2020 represented another major year of growth for Metalla’s royalty portfolio and corporately with the NYSE listing. We are excited about the new opportunities in front of us and to see many of our assets having exploration success while being advanced toward production by our first-class counterparties.”

Contact the author at [email protected]

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/928420/metalla-royalty--streaming-launches-us20m-equity-program-to-fund-future-acquisitions-928420.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com

Order by Phone at 888-809-8385 or online at https://www.herbanomic.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.