(All dollar amounts are in United
States dollars unless otherwise indicated)
TSXV: MTA
NYSE AMERICAN: MTA
VANCOUVER, BC, Dec. 28,
2023 /CNW/ - Metalla Royalty & Streaming
Ltd. ("Metalla" or the "Company") (TSXV:
MTA) (NYSE American: MTA) announces its annual equity grant in
accordance with the Company's share compensation plan. Metalla has
granted an aggregate of 587,500 restricted share units (each
"RSU") and an aggregate of 922,500 stock options
("Options") to certain directors, officers, consultants, and
employees of the Company. The RSUs and Options vest in two equal
installments, twelve and twenty-four months from the date of grant.
Each vested RSU will entitle the holder to receive one common share
of the Company or the equivalent cash value thereof at the deemed
price of C$4.05 and each vested
Option will entitle the holder to acquire one common share of the
Company at an exercise price of C$4.05 for a period of five years and are subject
to vesting provisions.
ABOUT METALLA
Metalla is an emerging mid-tier royalty and streaming company
focused on leveraged exposure to gold, silver, and copper. Our goal
is to increase share value by accumulating a diversified portfolio
of royalties and streams with attractive returns on high quality
assets with experienced operators in low-risk jurisdictions. 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 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
This release contains forward-looking statements and
forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable
securities legislation. 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 include, but are not
limited to, vesting and settlement of RSUs; vesting and exercise of
Options; increasing shareholder value; 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:
announced royalty transactions may not close due to an inability to
satisfy closing conditions, or for other reasons;
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.
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SOURCE Metalla Royalty and Streaming Ltd.