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7 December 20232 minute read

DLA Piper Canada advised on combination between royalty companies Metalla and Nova

On December 1, 2023, Metalla Royalty & Streaming Ltd. (“Metalla”) (TSXV: MTA) (NYSE American: MTA) and Nova ‎Royalty Corp. (TSXV: NOVR) (OTCQB: NOVRF) (“Nova”) announced that they ‎have completed their previously announced arrangement transaction in which Metalla acquired all of the issued and outstanding common shares of ‎Nova, and concurrently completed a $65 million investment from Beedie Capital comprised of a convertible loan agreement to fund acquisitions and an equity placement. The transaction positions the combined company as a leading ‎emerging intermediate royalty company.‎ ‎‎

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. ‎Nova is a copper and nickel-focused royalty company which has assembled a ‎portfolio of ‎royalties on a significant proportion of the next generation of major copper ‎projects located in 1st-tier ‎jurisdictions, providing investors exposure to some of the most ‎critical resource assets for the clean ‎energy transition.‎

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DLA Piper Canada acted for Nova on this transaction and as transaction counsel generally with a deal team lead by Partners Denis Silva and Sydney Kert and including Jennifer Poirier, Doug Shields, Robert Fonn, Derek Bell, Beatriz Albuquerque, Kaleigh Nevin, Katelyn Ellins, Geneviève Lille (tax), Kevin Fritz (tax) and Patrick Webb‎.