TSXV: MTA
OTCQX: MTAFF
Frankfurt: X9CP
VANCOUVER, Oct. 22, 2018 /CNW/ - Metalla Royalty &
Streaming Ltd. ("Metalla" or the "Company")
(TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) is pleased to announce
that it is proceeding to close its acquisition of the 2% net
smelter return royalty (the "Royalty") on the Santa Gertrudis gold property located north of
Hermosillo in Sonora, Mexico from GoGold Resources Inc.
("GoGold") as disclosed in a previous release from Metalla
on September 5, 2018.
CLOSING
The closing is subject to customary conditions for similar
transactions, including (i) notice of the Transaction to the TSX
Venture Exchange and (ii) entry by Metalla and GoGold into an
assignment and assumption agreement pursuant to which the Royalty
will be transferred from GoGold to Metalla.
ABOUT METALLA
Metalla was created to provide 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 companies for the next
commodities cycle.
For further information, please visit our website at
www.metallaroyalty.com
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
"Brett Heath"
President and CEO
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This release contains certain "forward looking statements"
and certain "forward-looking information" as defined under
applicable Canadian and U.S. securities laws. Forward-looking
statements and information can generally be identified by the use
of forward-looking terminology such as "may", "will", "should",
"expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology.
Forward-looking statements and information include, but are
not limited to, statements with respect to the transactions
contemplated under the Santa
Gertrudis royalty transaction, anticipated cash flows upon
completion of the Transaction, the completion of the Transaction
and proposed future transactions Metalla may undertake and their
expected timing. Forward-looking statements and information are
based on forecasts of future results, estimates of amounts not yet
determinable and assumptions that, while believed by management to
be reasonable, are inherently subject to significant business,
economic and competitive uncertainties and contingencies.
Forward-looking statements and information are subject to various
known and unknown risks and uncertainties, many of which are beyond
the ability of Metalla to control or predict, that may cause
Metalla's actual results, performance or achievements to be
materially different from those expressed or implied thereby, and
are developed based on assumptions about such risks, uncertainties
and other factors set out herein, including but not limited to: the
requirement for regulatory approvals and third party consents and
the impact of general business and economic conditions. Metalla
undertakes no obligation to update forward-looking information
except as required by applicable law. Such forward-looking
information represents management's best judgment based on
information currently available. No forward-looking statement can
be guaranteed, and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information.
The disclosure in this press release is based on information
publicly disclosed by the owners or operators of these properties
and information/data available in the public domain as at the date
hereof, and none of this information has been independently
verified by Metalla.
SOURCE Metalla Royalty and Streaming Ltd.
