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METALLA COMPLETES ACQUISITION OF ROYALTIES ON BARRICK GOLD'S LAMA COMPLEX
METALLA COMPLETES ACQUISITION OF ROYALTIES ON BARRICK GOLD'S LAMA COMPLEX Canada NewsWi...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"\n \n \n \n METALLA COMPLETES ACQUISITION OF ROYALTIES ON BARRICK GOLD'S LAMA COMPLEX\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n NYSE AMERICAN:\n \n \n \n MTA\n \n \n \n \n TSX-V:\n \n \n \n MTA\n \n \n \n \n \n \n \n \n \n \n \n \n Unless otherwise specified, all references to dollars set forth herein shall mean United States dollars.\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 9, 2023\n \n \n /CNW/\n \n -\n \n Metalla Royalty & Streaming Ltd. (\"\n \n Metalla\n \n \" or the \"\n \n Company\n \n \") (NYSE American: MTA) (TSXV: MTA) is pleased to announce that, further to its news release dated\n \n December 12, 2022\n \n , it has completed (the \"\n \n Closing\n \n \") the acquisition of one half of an existing 5% to 7.5% step scale gross gold proceeds royalty (constituting a 2.5% to 3.75% step scale gross gold proceeds royalty payable to Metalla) that is payable on gold bullion and unrefined gold, and one half of an existing 0.5% to 6% sliding scale net smelter return royalty (constituting a 0.25% to 3.0% sliding scale net smelter return royalty payable to Metalla) on copper and all other minerals (other than silver and gold), extracted from the Lama project owned and operated by a wholly-owned subsidiary of Barrick Gold Corporation, from an arm's length third party for\n \n $2.5 million\n \n in cash and 466,827 common shares of Metalla (\"\n \n Shares\n \n \") at a price of\n \n $5.3553\n \n per Share (representing\n \n $2.5 million\n \n priced on the 15-day volume-weighted average price on the NYSE American at signing). An additional\n \n $2.5 million\n \n in cash or common shares is to be paid to the third party within 90 days upon the earlier of (i) a 2 Moz gold proven & probable mineral reserve estimate on the royalty area, or (ii) 36 months after the Closing for a total purchase price of\n \n $7.5 million\n \n in cash and common shares.\n \n \n \n ABOUT METALLA\n \n \n \n Metalla is a precious met...