Business
Metalla Royalty & Streaming Ltd. Declares Monthly Dividend
VANCOUVER, May 29, 2019 /CNW/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) is pleased to announc
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":" VANCOUVER, May 29, 2019 /CNW/ - Metalla Royalty & Streaming Ltd. (\"Metalla\" or the \"Company\") (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) is pleased to announce that its board of directors has approved and declared a monthly cash dividend payment of CAD $0.001 per share for June, July, and August on its common shares (subject to any applicable tax withholding obligations). Brett Heath, Metalla's President & CEO commented, \"The adjustment in the dividend is consistent with Metalla's intention to distribute up to half of its operating cash flow to shareholders through monthly cash dividends. The company's cash flow will rise and fall with the price of gold and silver, which gives investors a unique link to metal prices. Also, royalties on mines entering production or closing will have a direct effect on cash flows. Currently, Metalla has eleven (11) royalties on development assets, two (2) of which are expected to start producing in the second half of this year.\" The table below sets out the monthly record and payment dates for shareholders of record. DIVIDEND SCHEDULE Record Date Payment Date Payment Amount ($CAD) June June 3, 2019 June 17, 2019 $0.001 July July 2, 2019 July 15, 2019 $0.001 August August 1, 2019 August 15, 2019 $0.001 All dividends in the above table are 'Eligible Dividends' pursuant to the Income Tax Act of Canada. In the first half of the calendar year 2020, assuming compliance with all applicable securities laws, the Company plans to offer a Dividend Reinvestment Plan (\"DRIP\") once it reaches certain requirements to provide the DRIP to all of its shareholders efficiently. ABOUT METALLA Metalla is a precious metals royalty and streaming company. Metalla provides shareholders with precious metal exposure through a diversified 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 precious metal royalty and streaming companies for the next commodities cycle. For further information, please visit our website at www.metallaroyalty.com NEITHER THE TSX VENTURE EXCHANGE (\"TSX-V\") NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX-V) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cau...