Metalla (OTCMKT:EXCFF) Expanded & Closed Non-brokered Financing

Metalla (OTCMKT:EXCFF) Expanded & Closed Non-brokered Financing

Metalla (OTCMKT:EXCFF) Expanded & Closed Non-brokered Financing


Metalla Royalty & Streaming, Ltd. (OTCMKT:EXCFF, C.MTA)) expanded and closed its non-brokered financing, thus bringing bringing that portion to $3,943,818.

Given the immediate capital need has been secured, the Company has decided to postpone the brokered portion of the transaction.

The non-brokered portion of the private placement announced on 13 February 2017 for additional proceeds of $727,000 for 1,454,000 units at $0.50/unit.

Each unit consists of 1 common share and 1/2 of 1 common share purchase warrant. Each full warrant is exercisable to acquire an additional common share at $0.75 per share for a period of 2 years from the closing date.

The warrants are subject to an acceleration clause if the stock trades at or above $1.00 for 10 consecutive trading days.

All securities issued in connection with the offering are subject to a “four-month-and-a-day” hold period.

Broker fees where applicable: 7% cash commission and 7% broker warrants at $0.75 for 2 years.

Metalla Royalty & Streaming Ltd, formerly is a Canada-based precious metals royalty and streaming company engaged in the acquisition and management of precious metal royalties, streams and similar production-based interests.

The firm is focused on Gold and Silver.

Symbol Last Trade Date Change Open High Low Volume
OTCMKT:EXCFF 0.371 10 April 2017 0.01 0.3642 0.371 0.3529 8,600
HeffX-LTN Analysis for EXCFF: Overall Short Intermediate Long
Neutral (0.03) Bearish (-0.48) Neutral (0.15) Bullish (0.44)

The US financial markets are closed this Friday for Good Friday.

Have a terrific Easter weekend.


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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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