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Metalla Completes Higginsville Participation Royalty Acquisition
Metalla Completes Higginsville Participation Royalty Acquisition Canada NewsWir...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"\n \n \n \n Metalla Completes Higginsville Participation Royalty Acquisition\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 \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Oct. 13, 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n TSXV:\n \n MTA\n \n \n NYSE AMERICAN:\n \n MTA\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 13, 2020\n \n Metalla Royalty & Streaming Ltd. (\"\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 September 16, 2020\n \n , it has completed the previously announced acquisition of a 27.5% price participation royalty interest (the \"\n \n Royalty\n \n \") on Karora Resources Inc's (\"\n \n Karora\n \n \") (TSX:KRR) operating Higginsville Gold Operations (\"\n \n Higginsville\n \n \") for total consideration of\n \n USD$6,500,000\n \n satisfied by the issuance of 828,331 Metalla common shares (\"\n \n Metalla Shares\n \n \") to Morgan Stanley Capital Group Inc. (NYSE: MS), representing\n \n USD$6,500,000 million\n \n in value based on the fifteen (15) trading day volume weighted average price of the Metalla Shares on the NYSE American exchange as of market close on\n \n October 9, 2020\n \n .\n \n \n Higginsville is a low-cost open pit gold operation in Higginsville,\n \n Western Australia\n \n , located less than 100 km south of the Kalgoorlie Super Pit. Higginsville has been in intermittent production since 1990, producing more than\n \n 1M\n \n oz of gold from the expansive 180,000 ha property package. The Royalty covers the core part of the property with the majority of all the active operations and near-term development projects spanning 28,300 ha. Karora recently reissued its guidance for 2020 at Higginsville & Beta Hunt, where it anticipates producing a consolidated 90 - 95koz of gold with a long term 50:50 mill feed ratio between the two mines\n \n (1,2)\n \n .\n \n \n QUALIFIED PERSON\n \n \n The technical information contained in this news release has been reviewed and approved by\n \n Charles Beaudry\n \n , geologist M.Sc., m...