This precious metals royalty and streaming company
issued 8.2 million common shares in exchange for 15 royalties.
Metalla
Royalty & Streaming Ltd. (MTA:TSX.V; EXCFF:OTCQB) has completed the
acquisition of 15 royalties from gold producer Alamos Gold Inc. (AGI:TSX; AGI:NYSE)
and its affiliates, Metalla announced on April 17.
Metalla issued to Alamos 8,219,009 common shares for the 15 royalties as
part of the purchase and sale agreement, which the Canadian companies entered
into on April 1, the news release explained.
The agreement also includes an amount of additional royalties from Alamos
not specified in the press release. Metalla explained that at least some of
these additional royalties "are subject to rights of first refusal,
consents and future options at agreed to prices.
"Such royalties will be acquired by the company pursuant to second or
additional closings," Metalla added.
In a royalty agreement, Metalla will make an initial payment in exchange
for a percentage of the revenue from a mining production, according to the
company's website.
Metalla also specializes in streaming agreements. In this type of
agreement, Metalla purchases all or part of a mining production for both an
upfront payment and a fixed price (or fixed percentage) per ounce of metal
delivered.
Alamos, on the other hand, is an intermediate gold producer with
diversified production from four operating mines located in North America,
two of them in northern Ontario, Canada, and two in Sonora, Mexico, according
to Alamos' website. The company also owns exploration and development
projects in Mexico, Turkey, Canada and the United States.
Metalla is based in Vancouver and Alamos in Toronto.
[NLINSERT]
Disclosure:
1) Mario Santana compiled this article for Streetwise Reports LLC and
provides services to Streetwise Reports as an independent contractor. He or
members of his household own securities of the following companies mentioned
in the article: None. He or members of his household are paid by the
following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors
of Streetwise Reports: None. Click here
for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not
of Streetwise Reports or its officers. The information provided above is for
informational purposes only and is not a recommendation to buy or sell any
security.
4) The article does not constitute investment advice. Each reader is
encouraged to consult with his or her individual financial professional and
any action a reader takes as a result of information presented here is his or
her own responsibility. By opening this page, each reader accepts and agrees
to Streetwise Reports' terms of use and full legal disclaimer.
This article is not a solicitation for investment. Streetwise Reports does
not render general or specific investment advice and the information on
Streetwise Reports should not be considered a recommendation to buy or sell
any security. Streetwise Reports does not endorse or recommend the business,
products, services or securities of any company mentioned on Streetwise
Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers,
employees or members of their families, as well as persons interviewed for
articles and interviews on the site, may have a long or short position in
securities mentioned. Directors, officers, employees or members of their
immediate families are prohibited from making purchases and/or sales of those
securities in the open market or otherwise from the time of the interview or
the decision to write an article until three business days after the
publication of the interview or article. The foregoing prohibition does not
apply to articles that in substance only restate previously published company
releases. As of the date of this article, officers and/or employees of
Streetwise Reports LLC (including members of their household) own securities
of Metalla, a company mentioned in this article.
