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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