TSXV: MTA
NYSE AMERICAN: MTA
VANCOUVER, BC, April 28, 2021 /CNW/ - Metalla Royalty
& Streaming Ltd. ("Metalla" or the
"Company") (TSXV: MTA) (NYSE American: MTA) is pleased to
announce that effective immediately it has appointed Douglas B. Silver to the board of directors of
the Company, as an independent director, subject to regulatory
approval.
"We are privileged to have Mr. Silver, who is one of the most
respected leaders in the royalty and streaming business, join the
Metalla team," commented Brett
Heath, President and CEO of Metalla. "Mr. Silver has
overseen US$2 billion worth of
successful transactions in the precious metals royalty and
streaming sector and will strengthen Metalla's board with his
industry-leading experience. We look forward to working with Doug
as Metalla continues to emerge as a significant player in the
royalty and streaming sector."
Douglas Silver commented,
"having created, purchased and sold more than 150 royalties and
streams in the past fifteen years, I recognize Metalla's strong
portfolio of royalty and streaming assets and believe that it has
the potential to emerge into a major industry player. I look
forward to working with Brett and his team as we strive to create
significant shareholder value."
ABOUT DOUGLAS B.
SILVER
Mr. Silver began his career as an exploration geologist for
Anaconda Copper Company ("Anaconda"), one of the world's largest
copper mining companies. While at Anaconda, he was a
co-discoverer of the Silver Creek
molybdenum deposit in Colorado.
This success saw Douglas get promoted into the first fully
dedicated acquisition team where he began a forty-year career of
investigating, valuing and purchasing mining assets. In 1987,
Mr. Silver was a founding member and head of investor relations for
Bond International Gold, which became one of the world's largest
gold mining companies which was subsequently acquired by Lac
Minerals which was later amalgamated into Barrick Gold Corporation.
Bond Gold's NYSE listing was the largest mining IPO in 1989.
Douglas then established his private company, Balfour Holdings Inc,
where he acted as a strategic advisor to global mineral companies
by providing appraisals, valuations, due diligence, investor
relations and M&A advice.
In 2003 he co-founded International Royalty Corporation ("IRC"),
a company listed on the Toronto Stock Exchange, and served as its
Chairman and CEO. His team built IRC into the world's fourth
largest precious metals royalty company in under five years.
In 2010 the company was sold for C$749
million to Royal Gold
(NASDAQ: RGLD) following a prolonged battle with Franco Nevada for
the company. IRC was the largest mining-related IPO on the TSX in
2005 having raised C$190
million. Most of these funds went to purchase a
royalty on the giant Voisey's Bay nickel project, which represented
the largest royalty transaction ever completed at that time.
In 2011 he became a Portfolio Manager for Red Kite Management, a
private equity firm, where he was responsible for sourcing,
negotiating and closing investments. Subsequently, Red Kite spun out Orion Resource Partners
("Orion") in 2013. Douglas helped grow Orion into the world's
largest mining private equity firm (managing ~US$6B) and directly managed the C$1.1 billion portfolio sale of Orion's royalties
and streams to Osisko Gold Royalties (NYSE & TSX: OR). Mr.
Silver retired from Orion in December
2020.
In 2018, Mr. Silver was inducted into the U.S. National Mining
Hall of Fame. He holds an M.Sc. in Economic Geology from the
University of Arizona and a B.A. in
Geology and Zoology from the University of Vermont. He is
also known for his philanthropic work with educators, women's
issues and industry non-profits. In 1989, Mr. Silver founded
the Denver Gold Group, today the world's most prestigious gold
investment conference.
COMPENSATION SECURITY GRANT
Metalla has granted 500,000 stock
options to management and directors to purchase an aggregate
of 500,000 common shares pursuant to the
Company's share compensation plan, with an exercise price of
C$11.73 per common share. Each option grant vests in two
equal installments twelve and twenty-four months from the date of
issue. Each option is exercisable, once vested, for a period of 5
years from the date of grant. A total of 267,000 restricted share
units were also granted pursuant to the Company's share
compensation plan, entitling management and directors to receive
one common share of the Company following the satisfaction of the
vesting criteria specified therein.
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. 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.
(signed) "Brett Heath"
President and CEO
Neither the TSXV nor it's Regulation Services Provider (as
that term is defined in the policies of the Exchange) accept
responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
Canadian and U.S. securities legislation. The forward-looking
statements herein are made as of the date of this press release
only, and the Company does not assume any obligation to update or
revise them to reflect new information, estimates or opinions,
future events or results or otherwise, except as required by
applicable law.
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, the potential for
Metalla to emerge as a significant player in the royalty and
streaming sector; the potential for Metalla to create significant
shareholder value; and the potential for Metalla to become one of
the leading precious metal royalty and streaming companies.
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 impact of general
business and economic conditions and other related risks and
uncertainties including 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.
Readers are cautioned that forward-looking statements are not
guarantees of future performance. All of the forward-looking
statements made in this press release are qualified by these
cautionary statements.
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SOURCE Metalla Royalty and Streaming Ltd.
