Business
Metalla Completes Acquisition of Strategic Nevada Royalty Portfolio
Metalla Completes Acquisition of Strategic Nevada Royalty Portfolio TSXV: ...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"\n \n \n \n Metalla Completes Acquisition of Strategic Nevada Royalty Portfolio\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.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n TSXV:\n \n \n \n MTA\n \n \n \n \n NYSE AMERICAN:\n \n \n \n MTA\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 14, 2020\n \n /CNW/ -\n \n Metalla Royalty & Streaming Ltd.\n \n (\"\n \n Metalla\n \n \" or the \"\n \n Company\n \n \") (TSXV: MTA) (NYSE American: MTA) is pleased to announce that, further to its news release dated\n \n November 4, 2020\n \n , it has completed the previously announced share purchase agreements (the \"\n \n Purchase Agreements\n \n \") with Genesis Gold Corporation (\"\n \n Genesis\n \n \") and Geological Services Inc. (\"\n \n Geological\n \n \"), two privately held\n \n Utah\n \n corporations, whereby the Company has acquired 100% of the issued and outstanding shares of Genesis and Geological for a total consideration of\n \n US$4.125 million\n \n (with\n \n US$1.0 million\n \n paid in cash and the issuance of 401,875 common shares to be completed on\n \n January 4, 2021\n \n as a milestone payment in accordance with the Purchase Agreements). Genesis and Geological hold a portfolio of eleven royalties in\n \n Nevada\n \n and\n \n Utah\n \n as described in Metalla's news release dated\n \n November 4, 2020\n \n .\n \n \n \n \n \n \n \n \n \n \n ABOUT METALLA\n \n \n \n Metalla was created for the purpose of providing shareholders with leveraged precious metal exposure by acquiring royalties and streams. Our goal is to increase share value by accumulating a diversified portfolio of royalties and streams with attractive returns. 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 royalty companies for the next commodities cycle.\n \n \n For further information, please visit our website at\n \n www.metallaroyalty.com\n \n .\n \n \n \n \n ON BEHALF OF METALLA ROYALTY & STREAMING LTD.\n \n \n \n \n (signed) \"Brett Heath\"\n \n \n President and CEO\n ...