TSXV: MTA
NYSE American: MTA
VANCOUVER, May 1, 2020 /CNW/ - Vancouver, British Columbia: Metalla Royalty
& Streaming Ltd. ("Metalla" or the "Company")
(TSXV: MTA) (NYSE American: MTA) announces that it has filed a
final short form base shelf prospectus (the "Shelf
Prospectus") with the securities regulatory authorities in each
of the provinces of Canada and a
corresponding registration statement on Form F-10 (the
"Registration Statement") with the United States Securities
and Exchange Commission ("SEC") under the
Multijurisdictional Disclosure System established between
Canada and the United States.
The Shelf Prospectus and the Registration Statement, when made
effective, will enable the Company to make offerings of up to
C$200 million of common shares,
warrants, subscription receipts, units and share purchase contracts
or a combination thereof of the Company from time to time,
separately or together, in amounts, at prices and on terms to be
determined based on market conditions at the time of the offering
and as set out in an accompanying prospectus supplement, during the
25-month period that the Shelf Prospectus and Registration
Statement remain effective.
Unless otherwise specified in the prospectus supplement relating
to a particular offering of securities, the net proceeds from any
sale of any securities will be used to finance the future purchase
of streams and royalties, and for working capital purposes. The
Company filed the Shelf Prospectus and the Registration Statement
to enhance its financial flexibility but has no intentions to
undertake an offering. The specific terms of any future
offering will be established in a prospectus supplement to the
Shelf Prospectus, which supplement will be filed with the
applicable Canadian securities regulatory authorities and the
SEC.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction. A
copy of the Shelf Prospectus can be found on SEDAR at
www.sedar.com, and copies of the Registration Statement can be
found on EDGAR at www.sec.gov. Copies of the Shelf Prospectus and
the Registration Statement may also be obtained by contacting the
President and Chief Executive Office of the Company at 543
Granville Street, Suite 501, Vancouver,
British Columbia V6C 1X8.
About Metalla
Metalla is a precious metals royalty and streaming company.
Metalla provides shareholders with leveraged precious metal
exposure through a diversified and growing portfolio of royalties
and streams.
For further information, please visit our website at
www.metallaroyalty.com
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
President and CEO
Forward-Looking Information
This news release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities laws (the "forward-looking statements"), within the
meaning of applicable Canadian and United
States securities legislation, including information
pertaining any potential future offering(s) of securities pursuant
to the Base Shelf Prospectus (and the use of proceeds
therefrom),. Forward-looking statements are statements that
are not historical facts and are generally, although not always,
identified by words such as "expect", "plan", "anticipate",
"project", "target", "potential", "schedule", "forecast", "budget",
"estimate", "intend" or "believe" and similar expressions or their
negative connotations, or that events or conditions "will",
"would", "may", "could", "should" or "might" occur. All such
forward-looking statements are based on the opinions and estimates
of management as of the date such statements are made. These
forward-looking statements are made as of the date of this news
release. Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
future circumstances, outcomes or results anticipated in or implied
by such forward-looking statements will occur or that plans,
intentions or expectations upon which the forward-looking
statements are based will occur. While we have based these
forward-looking statements on our expectations about future events
as at the date that such statements were prepared, the statements
are not a guarantee that such future events will occur and are
subject to risks, uncertainties, assumptions and other factors
which could cause events or outcomes to differ materially from
those expressed or implied by such forward-looking statements. Such
factors and assumptions include, among others, the effects of
general economic conditions, commodity prices, changing foreign
exchange rates and actions by government and regulatory authorities
and misjudgments in the course of preparing forward-looking
statements. In addition, there are known and unknown risk factors
which could cause our actual results, performance or achievements
to differ materially from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Known risk factors include risks associated with the
impact of general business and economic conditions; the absence of
control over mining operations from which Metalla will purchase
precious metals or from which it will receive stream or royalty
payments and risks related to those mining operations, including
risks related to international operations, government and
environmental regulation, delays in mine construction and
operations, actual results of mining and current exploration
activities, conclusions of economic evaluations and changes in
project parameters as plans are refined; problems related to the
ability to market precious metals or other metals; industry
conditions, including commodity price fluctuations, interest and
exchange rate fluctuations; interpretation by government entities
of tax laws or the implementation of new tax laws; regulatory,
political or economic developments in any of the countries where
properties in which Metalla holds a royalty, stream or other
interest are located or through which they are held; risks related
to the operators of the properties in which Metalla holds a royalty
or stream or other interest, including changes in the ownership and
control of such operators; risks related to global pandemics,
including the novel coronavirus (COVID-19) global health pandemic,
and the spread of other viruses or pathogens; influence of
macroeconomic developments; business opportunities that become
available to, or are pursued by Metalla; reduced access to debt and
equity capital; litigation; title, permit or license disputes
related to interests on any of the properties in which Metalla
holds a royalty, stream or other interest; the volatility of the
stock market; competition; future sales or issuances of debt or
equity securities; use of proceeds; dividend policy and future
payment of dividends; liquidity; market for securities; enforcement
of civil judgments; and risks relating to Metalla potentially being
a passive foreign investment company within the meaning of U.S.
federal tax laws, as well as those factors discussed in the section
entitled "Risk Factors" in the Base Shelf Prospectus and in the
section entitled "Risk Factors" in our base shelf prospectus dated
May 1, 2020 and filed with the
Canadian Securities Administrators and the SEC, which may be viewed
at www.sedar.com and www.sec.gov, respectively. Although we have
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. We are under no
obligation to update or alter any forward-looking statements except
as required under applicable securities laws. For the
reasons set forth above, undue reliance should not be placed on
forward-looking statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Metalla Royalty and Streaming Ltd.
