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7 September 20202 minute read

DLA Piper Canada advised Metalla Royalty & Streaming on At-The-Market Equity Program

On September 4, 2020, Metalla Royalty & Streaming Ltd. (“Metalla”)‎ (TSXV: MTA) (NYSE American: MTA) entered into an equity distribution agreement‎ with a syndicate of agents, which included BMO Nesbit Burns Inc., Cormark Securities Inc. and Eight Capital, as the Canadian agents, and BMO Capital Markets ‎Corp.‎ and Cormark Securities, as U.S. Agents. ‎DLA Piper Canada acted as legal advisors to Metalla in connection with the establishment of this at-the-market equity program (“ATM Program”)‎.

Metalla is a Vancouver based pure-play 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. ‎Metalla may distribute up to US$20 million (or the equivalent in Canadian dollars) of common ‎shares under the ATM Program and will use the net proceeds to finance the future purchase of streams and royalties ‎by the Company and for general working capital purposes.

The DLA Piper Canada deal team in this transaction was led by Partner Denis G. Silva and ‎included Ruby Chan, Stephen Wintermute and Kevin F. Fritz.
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