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.
