Business
Metalla Closes Acquisition of Strategic Cortez Royalties
Metalla Closes Acquisition of Strategic Cortez Royalties Canada NewsWire VANCOUV...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"\n\n\n\nMetalla Closes Acquisition of Strategic Cortez Royalties\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 22, 2020\n\n\n\nTSXV:  MTANYSE American: MTA  \n VANCOUVER, May 22, 2020 /CNW/ - Metalla Royalty & Streaming Ltd. (\"Metalla\" or the \"Company\") (TSXV:MTA) (NYSE American: MTA) The Company is pleased to announce that, further to the news release dated April 27, 2020, it has completed the acquisition of 100% of the issued and outstanding shares of Idaho Resource Corporation (\"IRC\"), a private Nevada corporation, for US$2 Million in cash and 357,121 shares.\n\n \n \n \n \n \n \n\n \nIRC holds a 0.5% gross overriding royalty on Nevada Gold Mine's (\"NGM\") Anglo/Zeke claim block in Eureka County, Nevada, which is located on trend to the southeast of the Cortez Operations and Goldrush project owned by NGM. NGM is a joint venture between Barrick Gold Corporation (\"Barrick\") (61.5%) and Newmont Corporation (\"Newmont\") (38.5%), which was created in July 2019 to combine Barrick and Newmont's significant assets across Nevada to create the single largest gold producer in the world. IRC also holds a 1.5% gross overriding royalty covering NuLegacy Gold Corporation's Red Hill project in Eureka County, Nevada, which is contiguous to the southeast of the Anglo/Zeke claims. IRC also holds reversionary rights to mineral claims encompassing all of the NGM's Cortez operations. The shares issued in connection with the acquisition are subject to a four month hold period under applicable Canadian securities laws. \nABOUT METALLA\nMetalla 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.\nFor further information, please visit our website at...