Metalla secures $12M convertible loan facility

|About: Metalla Royalty & Streami... (MTAFF)|By:, SA News Editor

Metalla Royalty & Streaming (OTCQX:MTAFF -2.9%) announces a convertible loan facility of $12M with Beedie Capital to fund acquisitions of new royalties and streams.

The Loan will be funded by an initial advance of $7M within 90 days from closing, and the remaining $5M as subsequent advances in minimum tranches of $1.25M

The principal amount of the Loan will be convertible into Metalla Shares at a conversion price of $1.39

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