TSXV: MTA
NYSE American: MTA
VANCOUVER, May 22, 2020 /CNW/ - Metalla Royalty &
Streaming Ltd. ("Metalla" or the "Company")
(TSXV:MTA) (NYSE American: MTA) The Company is pleased to announce
that, further to the news release dated April 27, 2020, it has completed the acquisition
of 100% of the issued and outstanding shares of Idaho Resource
Corporation ("IRC"), a private Nevada corporation, for
US$2 Million in cash and
357,121 shares.
IRC holds a 0.5% gross overriding royalty on Nevada Gold Mine's ("NGM") Anglo/Zeke
claim block in Eureka County,
Nevada, which is located on trend to the southeast of the
Cortez Operations and Goldrush project owned by NGM. NGM is a joint
venture between Barrick Gold Corporation
("Barrick") (61.5%) and Newmont Corporation
("Newmont") (38.5%), which was created in July 2019 to combine Barrick and Newmont's
significant assets across Nevada to create the single largest gold
producer in the world. IRC also holds a 1.5% gross overriding
royalty covering NuLegacy Gold Corporation's Red Hill project in Eureka County, Nevada, which is contiguous to
the southeast of the Anglo/Zeke claims. IRC also holds reversionary
rights to mineral claims encompassing all of the NGM's Cortez
operations. The shares issued in connection with the acquisition
are subject to a four month hold period under applicable Canadian
securities laws.
ABOUT METALLA
Metalla is a precious metals royalty and streaming company.
Metalla provides shareholders with leveraged precious metal
exposure through a diversified and growing portfolio of royalties
and streams. Our strong foundation of current and future
cash-generating asset base, combined with an experienced team gives
Metalla a path to become one of the leading gold and silver
companies for the next commodities cycle.
For further information, please visit our website at
www.metallaroyalty.com
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
President and CEO
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the Exchange) accept
responsibility for the adequacy or accuracy of this
release.
The Metalla common shares aissued in the transaction have not
been and will not be registered under the United States Securities
Act of 1933, as amended, or any state securities laws, and may be
offered and sold only pursuant to available exemptions from the
registration requirements thereof. This press release is not
an offer to sell, or a solicitation of an offer to buy, any
securities.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
Canadian and U.S. securities legislation. The forward-looking
statements herein are made as of the date of this press release
only, and the Company does not assume any obligation to update or
revise them to reflect new information, estimates or opinions,
future events or results or otherwise, except as required by
applicable law.
Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budgets", "scheduled", "estimates", "forecasts",
"predicts", "projects", "intends", "targets", "aims", "anticipates"
or "believes" or variations (including negative variations) of such
words and phrases or may be identified by statements to the effect
that certain actions "may", "could", "should", "would", "might" or
"will" be taken, occur or be achieved. Forward-looking information
in this press release includes, but is not limited to, future cash
generation and the potential for Metalla to become one of the
leading precious metal royalty and streaming companies. Such
forward-looking statements reflect management's current beliefs and
are based on information currently available to management.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors, which are beyond the ability of
Metalla to control or predict and may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance, or achievements
expressed or implied by the forward-looking statements. The
forward-looking statements contained in this press release are
based on reasonable assumptions that have been made by management
as at the date of such information and is subject to unknown risks,
uncertainties and other factors that may cause the actual actions,
events or results to be materially different from those expressed
or implied by such forward-looking information, including, without
limitation: the impact of general business and economic conditions;
the ongoing operation of the properties in which the Company holds
a royalty, stream, or other production based interest by the owners
or operators of such properties in a manner consistent with past
practice; absence of control over mining operations; the accuracy
of public statements and disclosures made by the owners or
operators of such underlying properties; no material adverse change
in the market price of the commodities that underlie the asset
portfolio; regulatory requirements; and other risks and
uncertainties disclosed under the heading "Risk Factors" in the
Company's most recent annual information form, annual report on
Form 40-F and other documents filed with or submitted to the
Canadian securities regulatory authorities on the SEDAR website at
www.sedar.com and the U.S. Securities and Exchange Commission on
the EDGAR website at www.sec.gov.
Although Metalla has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those contained in forward-looking information,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Investors are cautioned that
forward-looking statements are not guarantees of future
performance. The Company cannot assure investors that actual
results will be consistent with these forward-looking statements.
Accordingly, investors should not place undue reliance on
forward-looking statements or information.
Readers are cautioned that forward-looking statements are not
guarantees of future performance. All of the forward-looking
statements made in this press release are qualified by these
cautionary statements.
SOURCE Metalla Royalty and Streaming Ltd.
