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9 August 20202 minute read

DLA Piper Canada advised Metalla Royalty & Streaming on $20M increase to debt facility‎

Metalla Royalty & Streaming Ltd. (“Metalla”)‎ (TSXV: MTA) (NYSE American: MTA) entered into an amended and restated convertible loan agreement (“Loan Facility”) with Beedie Capital to increase its debt facility by $20M. Metalla also completed a conversion of $6M in principal amount standing under the Loan Facility and was advanced an additional $5M under the Loan Facility. DLA Piper Canada acted as legal advisors to Metalla in connection with these transactions.‎

Metalla is a Vancouver based pure-play 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 proceeds from the exercise of the Warrants will be primarily used by the Company to ‎continue to execute on its growth strategy, as well as for general corporate and working capital ‎purposes.‎

Metalla’s press release on this transaction can be found here.

The DLA Piper Canada deal team in this transaction was led by Partner Denis G. Silva and ‎included Stephen Wintermute, Meghan Bellstedt, Douglas G. Shields and Alan L. Monk.‎