TSXV: MTA
OTCQX: MTAFF
Frankfurt: X9CP
VANCOUVER, Feb. 12, 2019 /CNW/ - Metalla Royalty
& Streaming Ltd. ("Metalla" or the
"Company") (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) is
pleased to announce that it has closed its previously announced
acquisition of a 1.0% net smelter returns royalty (the
"Royalty") on the Fifteen Mile Stream project owned by
Atlantic Gold Corporation (TSXV: AGB) from a third party (the
"Transaction"). For full detail of the Transaction, please
refer to Metalla's news release dated February 4, 2019. The Royalty was acquired
pursuant to a royalty purchase agreement dated February 4, 2019 and Metalla and the sellers have
entered into an assignment and assumption agreement on the closing
date of the Transaction for the purpose of transferring the Royalty
to Metalla.
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.
Technical and Third-Party Information
The Company is dependent on, (i) Atlantic Gold and their
qualified persons to provide information to the Company, or (ii) on
publicly available information to prepare disclosure pertaining to
the Fifteen Mile Stream Property and generally has limited or no
ability to independently verify such information. Although the
Company does not have any knowledge that such information may not
be accurate, there can be no assurance that such third party
information is complete or accurate. The disclosure in this
press release relating to the Fifteen Mile Stream Property is based
on information publicly disclosed by the owner or operator of this
property and information/data available in the public domain as at
the date hereof, and none of this information has been
independently verified by Metalla. Specifically, as a royalty
holder, Metalla has and will have limited, if any, access to the
property subject to the Royalty. Although Metalla does not have any
knowledge that such information may not be accurate, there can be
no assurance that such third-party information is complete or
accurate. Some information publicly reported by the operator may
relate to a larger property than the area covered by Metalla's
royalty interest. Metalla's royalty interests often cover less than
100% and sometimes only a portion of the publicly reported mineral
reserves, mineral resources and production of a property.
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 statements
and information include, but are not limited to, statements with
respect to the transactions contemplated under the Royalty Purchase
Agreement, anticipated cash flows and production upon completion of
the Royalty Transaction, the completion of the Royalty Transaction,
and proposed future transactions Metalla may undertake and their
expected timing. Forward-looking statements and information are
based on forecasts of future results, estimates of amounts not yet
determinable and assumptions that, while believed by management to
be reasonable, are inherently subject to significant business,
economic and competitive uncertainties, and
contingencies. Forward-looking statements and information are
subject to various known and unknown risks and uncertainties, many
of which are beyond the ability of Metalla to control or predict,
that may cause Metalla's actual results, performance or
achievements to be materially different from those expressed or
implied thereby, and are developed based on assumptions about such
risks, uncertainties and other factors set out herein, including
but not limited to: the requirement for regulatory approvals and
third party consents, the impact of general business and economic
conditions, the absence of control over the mining operations from
which Metalla will purchase gold and receive royalties, including
risks related to international operations, government relations and
environmental regulation, the inherent risks involved in the
exploration and development of mineral properties; the
uncertainties involved in interpreting exploration data; the
potential for delays in exploration or development activities; the
geology, grade and continuity of mineral deposits; the possibility
that future exploration, development or mining results will not be
consistent with Metalla's expectations; accidents, equipment
breakdowns, title matters, labor disputes or other unanticipated
difficulties or interruptions in operations; fluctuating metal
prices; unanticipated costs and expenses; uncertainties relating to
the availability and costs of financing needed in the future; the
inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses, commodity price
fluctuations; currency fluctuations; regulatory restrictions,
including environmental regulatory restrictions; liability,
competition, loss of key employees and other related risks and
uncertainties. Metalla undertakes no obligation to update
forward-looking information except as required by applicable law.
Such forward-looking information represents management's best
judgment based on information currently available. No
forward-looking statement can be guaranteed, and actual future
results may vary materially. Accordingly, readers are advised not
to place undue reliance on forward-looking statements or
information. Some of the disclosure in this press release is based
on information publicly disclosed by the owners or operators of
these properties and information/data available in the public
domain as at the date hereof, and none of this information has been
independently verified by Metalla.
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.
