NYSE AMERICAN: MTA
TSX-V: MTA
VANCOUVER, BC, Feb. 14, 2022 /CNW/ - Metalla Royalty
& Streaming Ltd. ("Metalla" or the "Company")
(NYSE American: MTA) (TSXV: MTA) is pleased to announce that its
board of directors ("Board") has formed a new committee, the
Environmental, Social, and Governance Committee (the "ESG
Committee"), to oversee the Company's environmental, social and
governance ("ESG") practices.
The ESG Committee formalizes the Company's ongoing commitment to
ESG principles in the evaluation and monitoring of the Company's
royalty and streaming interests and related corporate practices.
The scope of the ESG Committee's mandate will be to implement the
Company's ESG policy and to evaluate and monitor the ESG
performance of the companies which operate the properties in which
the Company has a royalty or streaming interest or is considering
acquiring such an interest.
Brett Heath, CEO, commented: "The
establishment of the ESG committee reflects Metalla's commitment to
corporate responsibility and ESG principles. Metalla carefully
considers ESG principles in its investment decisions and the ESG
committee will support management in evaluating and monitoring the
projects in which Metalla holds royalty and streaming
interests."
Lawrence Roulston, Chairman,
stated: "Each and every one of us in the Metalla organization lives
and functions according to the very highest standards of corporate
responsibility, in all its aspects. Adding this new level of
oversight to our existing corporate governance policies further
emphasizes our commitment to 'doing the right thing' throughout the
organization."
The ESG Committee will be comprised of Mr. Lawrence Roulston, Mr. Douglas Silver and Mr. Terry Krepiakevich. The formation of the ESG
Committee will elevate ESG considerations to the regular Board
agenda and bring additional focus to the formulation, evaluation,
and implementation of the Company's ESG policies.
The Company also announces that, pursuant to the Company's share
compensation plan, it has granted an aggregate of 47,554 restricted
share units to certain directors and officers of the Company to
recognize their efforts and contributions during the 2021 calendar
year. The restricted share units entitle the holders thereof to
receive 47,554 common shares of the Company, with half of the
restricted share units vesting 12 months following the grant date
and the remaining half vesting 24 months following the grant date,
subject to earlier vesting upon the achievement of certain
performance-related criteria subject to the polices of the TSX
Venture Exchange.
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
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"
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
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, statements with respect to the future
vesting dates of the restricted share units;; and the
Company's potential to become a leading gold and silver
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: the risk that the parties
may be unable to satisfy the closing conditions for the
contemplated transactions or that the transactions
may not be completed; 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
development, 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; 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.
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SOURCE Metalla Royalty and Streaming Ltd.