DLA Piper Canada advised Metalla Royalty & Streaming on USD$50 million at-the-market equity program
On May 27, 2022, Metalla Royalty & Streaming Ltd. (“Metalla”) (TSXV: MTA) (NYSE American: MTA) entered into an equity distribution agreement with a syndicate of agents, which included BMO Nesbitt Burns Inc., PI Financial Corp, and Scotiabank, as the Canadian agents, and BMO Capital Markets Corp. and Scotiabank, as the United States agents. DLA Piper Canada acted as legal advisors to Metalla in connection with the updated 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 USD$50 million of common shares under the new ATM Program.
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The DLA Piper Canada deal team in this transaction was led by Partner Denis G. Silva and included Jennifer Arndt, Nahal Iranpour, Joe Furness, and Benjamin Kaardal.