Metalla (OTCMKT:EXCFF) Expanded & Closed Non-brokered Financing
$EXCFF, $GLD, $SLV
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.
|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)|
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