PRESS RELEASE
19 August 2019

Metalla Acquires Royalty On St. Barbara Ltd.'s Fifteen Mile Stream Project

GW
Gowling WLG

Contributor

Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.
On Aug. 16, 2019, Metalla Royalty & Streaming Ltd. (TSXV: MTA) (OTCQB: MTAFF) announced that it had completed the closing on its previously announced acquisition
Canada

On Aug. 16, 2019, Metalla Royalty & Streaming Ltd. (TSXV: MTA) (OTCQB: MTAFF) announced that it had completed the closing on its previously announced acquisition of a 3.0% NSR royalty on St. Barbara Ltd.'s Fifteen Mile Stream project in Nova Scotia from $2 million from a third party, in accordance with a purchase and sale agreement.

As consideration for the transaction, Metalla made an upfront payment of $0.5 million in cash, with an additional payment of up to $1.5 million upon the exercise of the royalty payor's buy-back right to purchase two-thirds of the 3.0% NSR royalty for a period of five years.

Gowling WLG advised Metalla with respect to this acquisition with a team that included Denis Silva and Jill Dunn.

PRESS RELEASE
19 August 2019

Metalla Acquires Royalty On St. Barbara Ltd.'s Fifteen Mile Stream Project

Canada

Contributor

Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.

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