Business
Metalla Provides Update on Wasamac and Camflo Royalties
Metalla Provides Update on Wasamac and Camflo Royalties Canada NewsWire VAN...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"\n \n \n \n Metalla Provides Update on Wasamac and Camflo Royalties\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.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Nov. 2, 2020\n \n \n \n \n TSXV:\n \n MTA\n \n \n NYSE AMERICAN:\n \n MTA\n \n \n \n \n Unless otherwise specified, all references to dollars ($) set forth herein shall mean Canadian dollars.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 2, 2020\n \n /CNW/ - Metalla Royalty & Streaming Ltd. (\"\n \n Metalla\n \n \" or the \"\n \n Company\n \n \") (NYSE American: MTA) (TSXV: MTA) is pleased to report Yamana Gold Inc. (\"\n \n Yamana\n \n \") (TSX: YRI) (NYSE: AUY) (LSE: AUY) has announced by press release dated\n \n November 2, 2020\n \n that it has entered into a definitive agreement (the \"\n \n Agreement\n \n \") with Monarch Gold Corporation (\"\n \n Monarch\n \n \") (TSX: MQR) whereby Yamana will acquire the Wasamac gold project (the \"\n \n Wasamac Project\n \n \") and the Camflo property and mill ( the \"\n \n Camflo Property\n \n \") and, collectively with the Wasamac Project, (the \"\n \n Acquisition Properties\n \n \") through the acquisition of all of the outstanding shares of Monarch not owned by Yamana pursuant to a plan of arrangement for aggregate consideration, including cash and shares, of approximately\n \n $152 million\n \n .\n \n \n \n \n \n \n \n \n \n \n Metalla owns a 1.5% Net Smelter Return royalty, with a buy back right of 0.5%, for\n \n $7.5 million\n \n on the Wasamac Project and a 1.0% Net Smelter Return royalty on the Camflo Property (collectively, the \"Royalty\")\n \n \n \n \n Brett Heath\n \n , President & CEO of Metalla commented, \"...