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METALLA ANNOUNCES CLOSING OF BEEDIE CONVERSION, DEBT REPAYMENT OF C$2 MILLION, AND ANNUAL EQUITY GRANT
METALLA ANNOUNCES CLOSING OF BEEDIE CONVERSION, DEBT REPAYMENT OF C$2 MILLION, AND ANNUAL EQUITY ...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"\n\n\n\n METALLA ANNOUNCES CLOSING OF BEEDIE CONVERSION, DEBT REPAYMENT OF C$2 MILLION, AND ANNUAL EQUITY GRANT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n TSXV:\n \n\n\n MTA\n \n\n\n\n NYSE AMERICAN:\n \n MTA\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Feb. 21, 2025\n \n\n /CNW/ - Metalla Royalty & Streaming Ltd. (\"\n \n Metalla\n \n \") or (\"\n \n Company\n \n \") (NYSE American: MTA) (TSXV: MTA) is pleased to announce that Beedie Capital (\"\n \n Beedie\n \n \") has increased their equity position in Metalla with the issuance of 412,088 common shares of Metalla (the \"\n \n Shares\n \n \") on\n \n February 4, 2025\n \n . As previously announced by the Company, on\n \n January 13\n \n , 2025, Beedie elected to convert\n \n C$1.5 million\n \n of the accrued and unpaid interest under the existing convertible loan facility between Metalla and Beedie (the \"\n \n Loan Facility\n \n \") into 412,088 Shares at a conversion price of\n \n C$3.64\n \n per Share, being the closing price of the Shares on the TSXV on\n \n January 13, 2025\n \n . Following the interest conversion, Beedie now owns approximately 10.3% of the issued and outstanding Shares.\n \n\n\n\n\n\n\n\n\n Additionally, on\n \n January 31, 2025\n \n , the Company made a payment of\n \n C$2.0 million\n \n to Beedie to reduce all unpaid and accrued fees and interest under the Loan Facility to $Nil as of the payment date. As at\n \n January 31, 2025\n \n , taking into account the conversion and payment discussed above, the Company had\n \n C$16.4 million\n \n outstanding under the Loan Facility with a conversion price of\n \n C$6.00\n \n per Share, and had\n \n C$30.9 million\n \n available under the Loan Facility with the conversion price to be determined on the date of any future advances.\n \n\n\n ANNUAL EQUITY GRANT\n \n\n\n Effective\n \n February 20, 2025\n \n , Metalla completed its 2024 annual equity grant in accordance with the Company's share compensation plan. Metalla has granted an aggregate of 525,788 restricted ...