Add a bookmark to get started

30 May 20221 minute read

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.‎

Find out more here.

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.‎