DLA Piper Canada advised Metalla Royalty & Streaming on its US$35 million At-The-Market Equity Program
On May 14, 2021, Metalla Royalty & Streaming Ltd. (“Metalla”) (TSXV: MTA) (NYSE American: MTA) entered into a equity distribution agreement with a syndicate of agents, which included BMO Capital Markets, PI Financial Corp, and Scotia Capital. DLA Piper Canada acted as legal advisors to Metalla in connection with the establishment of its at-the-market equity program (“ATM Program”).
Metalla is a Vancouver-based gold and silver streaming and royalty company which works to increase share value for its shareholders by accumulating a diversified portfolio of royalties and streams with attractive returns. The distribution agreement will allow the company to distribute up to US$35 million of common shares under the ATM Program.
The DLA Piper Canada deal team in this transaction was led by Partner Denis G. Silva and included Ruby Chan, Stephen Wintermute, Jason Yao, Joe Furness, Jennifer Arndt, Kevin F. Fritz and Marc Philibert.