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Metalla Royalty prospectus offering

2023-05-10 16:45 ET - Prospectus Approved

The company's short form base shelf prospectus dated May 12, 2022, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission, pursuant to the provisions of the Securities Act (British Columbia), on May 12, 2022. The prospectus was also filed under Multilateral Instrument 11-102, Passport System, and receipted by the securities regulatory authorities in each of the provinces of Canada. A receipt for the prospectus is deemed to have been issued by the regulators in each of those jurisdictions if the conditions of the instrument have been satisfied.

Further to an at-the-market (ATM) offering of shares made pursuant to the prospectus supplement dated May 27, 2022, to the company's short form base shelf prospectus dated May 12, 2022, the exchange has accepted for filing documentation with respect to the sales set out below under ATM offering. The company raised aggregate gross proceeds of $4,603,454 pursuant to the ATM offering from Jan. 1, 2023, to March 31, 2023, as set out below.

The exchange has been advised by the company that sales under the ATM offering during the quarter ended March 31, 2023, occurred for gross proceeds of $4,603,454.

Agents:  BMO Nesbitt Burns Inc., PI Financial Corp., Scotia Capital Inc., BMO Capital Markets Corp. and Scotia Capital (USA) Inc.

Offering:  664,966 common shares in the capital of the company on an aggregate basis during the quarter ended March 31, 2023

Share price:  varying prices during the quarter ended March 31, 2023, with a simple average sale price of $6.86 per share

Agents' warrants:  none

Overallotment option:  none

Agents' commissions:  2.5 per cent of the gross proceeds of the offering, being a cash commission of $115,086 in aggregate for the quarter ended March 31, 2023

For further information, please refer to the company's short form base shelf prospectus dated May 12, 2022, and prospectus supplement dated May 27, 2022, which are available under the company's SEDAR profile.

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