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| Home : Metalla Closes $3.2 Million Non-Brokered Portion of the Financing |
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Mar 07
2017 |
Metalla Closes $3.2 Million Non-Brokered Portion of the Financing |
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TORONTO, ONTARIO--(Marketwired - March 6, 2017) - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (CSE:MTA)(CSE:MTA.CN)(OTCQB:EXCFF)(FRANKFURT:X9CP) is pleased to announce that it closed the non-brokered portion of the private placement announced February 13, 2017 for gross proceeds of $3,216,818 for 6,433,636 units ("Units") at $0.50 per unit. Each Unit consists of one common share and one-half of one common share purchase warrant. Each full warrant is exercisable to acquire an additional common share at $0.75 per share for a period of two years from the closing date. The warrants are subject to an acceleration clause if the stock trades at or above $1.00 per share for ten 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 were 7% cash commission and 7% broker warrants at $0.75 for 2 years. |
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| Source:http://www.marketwired.com/mw/release.do?id=2200712&sourceType=3 |
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