TSXV: MTA
NYSE AMERICAN: MTA
VANCOUVER, BC, Dec. 14, 2020 /CNW/ - Metalla Royalty
& Streaming Ltd. ("Metalla" or the
"Company") (TSXV: MTA) (NYSE American: MTA) is pleased to
announce that, further to its news release dated November 4, 2020, it has completed the previously
announced share purchase agreements (the "Purchase
Agreements") with Genesis Gold Corporation ("Genesis")
and Geological Services Inc. ("Geological"), two privately
held Utah corporations, whereby
the Company has acquired 100% of the issued and outstanding shares
of Genesis and Geological for a total consideration of US$4.125 million (with US$1.0 million paid in cash and the issuance of
401,875 common shares to be completed on January 4, 2021 as a milestone payment in
accordance with the Purchase Agreements). Genesis and Geological
hold a portfolio of eleven royalties in Nevada and Utah as described in Metalla's news release
dated November 4, 2020.
ABOUT METALLA
Metalla was created for the purpose of providing 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
royalty companies for the next commodities cycle.
For further information, please visit our website at
www.metallaroyalty.com.
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budgets", "scheduled", "estimates", "forecasts",
"predicts", "projects", "intends", "targets", "aims", "anticipates"
or "believes" or variations (including negative variations) of such
words and phrases or may be identified by statements to the effect
that certain actions "may", "could", "should", "would", "might" or
"will" be taken, occur or be achieved. Forward-looking statements
and information include, but are not limited to, future share,
royalty and other payments; future cash generation and returns; and
Metalla having a path to becoming a leading gold and silver royalty
company. 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:
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 current 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; and the other risks
and uncertainties disclosed under the heading "Risk Factors" in the
Company's most recent annual information form, annual report on
Form 40-F and other documents filed with or submitted to the
Canadian securities regulatory authorities on the SEDAR website at
www.sedar.com and the U.S. Securities and Exchange Commission on
the EDGAR website at www.sec.gov. 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.
SOURCE Metalla Royalty and Streaming Ltd.
