TSXV: MTA
NYSE American: MTA
VANCOUVER, BC, Aug. 16,
2022 /CNW/ - Metalla Royalty & Streaming
Ltd. ("Metalla" or the "Company") (TSXV:
MTA) (NYSE American: MTA) is pleased to announce the addition of
Mandy Johnston as an independent
director of the Company and a member of the Audit Committee,
effective immediately.
Brett Heath, President, and CEO
of Metalla, commented, "On behalf of the Board of Directors and
management, I would like to welcome Mandy to the Metalla board. The
Board of Directors looks forward to working with Mrs. Johnston, who
brings a wealth of mining sector experience in financial reporting,
controls, filing, and compliance, all of which serves to strengthen
our audit function. We believe that Mrs. Johnston's valuable
skillset and expertise will be a positive contribution to Metalla
as we continue our evolution into a premier precious metals royalty
company."
Mandy Johnston holds a Bachelor
of Accounting (Honours) Co-op degree from Brock University. She is a registered Chartered
Professional Accountant with over 15 years of experience in both
the mining industry and audit and assurance groups. Mandy joined
Osisko Mining Inc. in 2015 and currently serves as the Vice
President, Finance, with a preceding position as Director of
Finance and Corporate Controller. Prior to joining Osisko Mining
Inc., she held multiple roles at Corsa Coal Corp. and Collins
Barrow LLP (now RSM Canada LLP).
CORPORATE UPDATE
In accordance with the Company's Share Compensation Plan,
Metalla has granted 605,000 stock options to certain officers,
directors, employees and consultants to purchase 605,000 common
shares. Each option grant vests in two equal instalments,
twelve and twenty-four months from the date of issue. Each
option is exercisable, once vested, for a period of five years from
the date of grant at an exercise price of C$5.98 per common share.
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.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward
looking statements")
within the meaning of applicable securities legislation, including
statements regarding future board contributions, the Company
evolving into a precious metals royalty company and the
potential vesting and exercise of stock options. 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 except as
required by applicable law. All
statements included herein that address events or developments that
we expect to occur in the future are
forward-looking statements. Generally,
forward-looking statements can be identified by the use of
forward-looking terminology such as
"plans",
"expects", "does not
expect", "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.
Such forward-looking statements reflect management's current
beliefs and are based on information currently available to
management. Forward-looking statements 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 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, including but not limited to risks
associated with the impact of general business and economic
conditions; the absence of control over mining operations from
which Metalla will purchase precious metals or from which it will
receive stream or royalty payments and risks related to those
mining operations, including risks related to international
operations, government and environmental regulation, delays in mine
development, construction and operations, actual results of mining
and current exploration activities, conclusions of economic
evaluations and changes in project parameters as plans are refined;
problems related to the ability to market precious metals or other
metals; industry conditions, including commodity price
fluctuations, interest and exchange rate fluctuations;
interpretation by government entities of tax laws or the
implementation of new tax laws; regulatory, political or economic
developments in any of the countries where properties in which
Metalla holds a royalty, stream or other interest are located or
through which they are held; risks related to the operators of the
properties in which Metalla holds a royalty or stream or other
interest, including changes in the ownership and control of such
operators; risks related to global pandemics, including the novel
coronavirus (COVID-19) global health pandemic, and the spread of
other viruses or pathogens; influence of macroeconomic
developments; business opportunities that become available to, or
are pursued by Metalla; reduced access to debt and equity capital;
litigation; title, permit or license disputes related to interests
on any of the properties in which Metalla holds a royalty, stream
or other interest; the volatility of the stock market; competition;
future sales or issuances of debt or equity securities; inability
to obtain stock exchange approvals or otherwise satisfy the
conditions to close Metalla's loan extension; use of proceeds;
dividend policy and future payment of dividends; liquidity; market
for securities; enforcement of civil judgments; and risks relating
to Metalla potentially being a passive foreign investment company
within the meaning of U.S. federal tax laws, and the 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
we have attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements,
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 forward-looking statements will
prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place
undue reliance on forward-looking statements. We are under no
obligation to update or alter any forward-looking
statements except as required under applicable
securities laws. For the reasons set forth above, undue reliance
should not be placed on forward-looking
statements.
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SOURCE Metalla Royalty and Streaming Ltd.
