Add a bookmark to get started

18 May 20212 minute read

DLA Piper Canada advised Metalla Royalty & Streaming on its US$35 million At-The-Market Equity ‎Program

On May 14, 2021, Metalla Royalty & Streaming Ltd. (“Metalla”)‎ ‎(TSXV: MTA) (NYSE American: MTA)‎ entered into a equity distribution agreement‎ with a syndicate of agents, which included BMO Capital Markets, PI Financial Corp, and Scotia Capital. ‎DLA Piper Canada acted as legal advisors to Metalla in connection with the establishment of its at-the-market equity program (“ATM Program”)‎.

Metalla is a Vancouver-based gold and silver streaming and royalty company which works to increase share value for its shareholders by accumulating a diversified portfolio of royalties and streams with attractive returns. ‎The distribution agreement will allow the company to distribute up to US$35 ‎million of common shares under the ATM Program.‎

The DLA Piper Canada deal team in this transaction was led by Partner Denis G. Silva and ‎included Ruby Chan, Stephen Wintermute, Jason Yao, Joe Furness, Jennifer Arndt, Kevin F. Fritz and Marc Philibert.