Metalla Closes $3.2 Million Non-Brokered Portion of the Financing

ID: 1490788
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(businesspress24) - TORONTO, ONTARIO -- (Marketwired) -- 03/06/17 -- Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (CSE: MTA)(CSE: MTA.CN)(OTCQB: EXCFF)(FRANKFURT: X9CP) is pleased to announce that it closed the non-brokered portion of the private placement announced February 13, 2017 for gross proceeds of $3,216,818 for 6,433,636 units ("Units") at $0.50 per unit. Each Unit consists of one common share and one-half of one common share purchase warrant. Each full warrant is exercisable to acquire an additional common share at $0.75 per share for a period of two years from the closing date. The warrants are subject to an acceleration clause if the stock trades at or above $1.00 per share for ten consecutive trading days. All securities issued in connection with the offering are subject to a four-month-and-a-day hold period. Broker fees where applicable were 7% cash commission and 7% broker warrants at $0.75 for 2 years.

Red Cloud Klondike Strike ("RCKS") acted as advisor for the deal.

The Company has granted 600,000 stock options at $.58 per share for officers, directors, and consultants in accordance with the company stock option plan.

Metalla Royalty & Streaming Ltd. is a precious metals royalty and streaming company engaged in the acquisition and management of precious metal royalties, streams, and similar production-based interests.

On behalf of the Board of Directors:

Brett Heath, President and Director

Metalla Royalty & Streaming Ltd.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Metalla Royalty & Streaming Ltd.
416-925-0090



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Date: 03/06/2017 - 08:13
Language: English
News-ID 1490788
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Firma: Metalla Royalty and Streaming Ltd.
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Stadt: TORONTO, ONTARIO
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