Metalla raises $12 mln from Beedie Capital for acquisitions

Metalla Royalty & Streaming Ltd (TSX-V: MTA), a Vancouver-based precious metals royalty and streaming company, has secured a convertible loan facility of $12 million from Beedie Capital.

Established in 2016, Metalla is engaged in the acquisition and management of royalties, streams and similar production-based interests with a focus on gold, silver and other precious metals.

It will use the facility’s proceeds to fund purchases of new royalties and streams.

Beedie Capital is the family office arm of Beedie Group, a Canadian industrial owner, developer and property manager led by President Ryan Beedie.

PRESS RELEASE

Metalla Secures $12 Million Convertible Loan Facility From Beedie Capital

VANCOUVER, April 1, 2019 /CNW/ – Metalla Royalty & Streaming Ltd. (“Metalla” or the “Company”) (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) is pleased to announce a convertible loan facility (the “Loan Facility”) of $12.0 million (the “Loan”) with Beedie Capital (“Beedie”) to fund acquisitions of new royalties and streams. The Loan will be funded by way of an initial advance of $7.0 million within 90 days from closing, and the remaining $5.0 million will be available for subsequent advances in minimum tranches of $1.25 million.

Brett Heath, President, and CEO of Metalla commented: “We are pleased to welcome Beedie as a partner and strategic investor in Metalla. Beedie has proven to be an exceptional capital partner for growing businesses. We look forward to having the financial support and backing of Beedie through our next stage of growth as we continue to add more accretive royalties to our portfolio.”

“We are very excited to partner with the Metalla team at their inflection point of becoming a premier precious metals royalty company,” said David Bell, Director at Beedie Capital. “We are impressed by Metalla’s ability to repeatedly identify and acquire highly accretive royalty assets and look forward to supporting them in their next phase of value creation for all of the Company’s stakeholders.”

The Loan Facility carries an interest rate of 8.0% on advanced funds and 2.5% on standby funds available, with the principal payment due 48 months after the date the financing is completed (the “Closing Date”). The Loan can be repaid with no penalty after 18 months and carries no warrant coverage. The principal amount of the Loan will be convertible into common shares of the Company (“Metalla Shares”) at a conversion price of $1.39, representing a 25% premium to the 30-day volume weighted average price as of March 15, 2019. The Loan Facility will be convertible at any time, at the option of Beedie and will be secured by certain assets of the Company. Metalla Shares acquired on conversion will be subject to a four-month plus one day hold period from the date of advance. Completion of the Loan is subject to acceptance of the Exchange and closing documentation.

ADVISORS AND COUNSEL

PI Financial Corp acted as financial advisor and Gowling WLG (Canada) acted as legal counsel for Metalla. McCarthy Tetrault served as legal counsel for Beedie.

ABOUT BEEDIE CAPITAL

Beedie Capital is the family office investment arm of Beedie Group, the largest private industrial owner, developer and property manager in Western Canada. Beedie Capital partners with ambitious operators of high-growth public and private companies across a variety of industry sectors in North America. Please visit www.beedie.ca/capital for more information.

ABOUT METALLA

Metalla is a precious metals royalty and streaming company. Metalla provides shareholders with leveraged precious metal exposure through a diversified and growing portfolio of royalties and streams. Our strong foundation of current and future cash-generating asset base, combined with an experienced team gives Metalla a path to become one of the leading gold and silver companies for the next commodities cycle.

For further information, please visit our website at www.metallaroyalty.com

ON BEHALF OF METALLA ROYALTY & STREAMING LTD.

(signed) “Brett Heath”

President and CEO

For further information: Metalla Royalty & Streaming Ltd., Brett Heath, President & CEO, Phone: 604-696-0741, Email: info@metallaroyalty.com; Kristina Pillon, Investor Relations, Phone: 604-908-1695, Email: kristina@metallaroyalty.com, Website: www.metallaroyalty.com