Toronto (pcJ News Briefs) – Metalla Royalty & Streaming Ltd. (CSE: MTA; OTCQB: EXCFF; FSE: X9CP) has raised $530,000 by way of gypsy swap transaction pursuant to which a company controlled by an insider sold 1 million common shares at $0.53 to an institutional investor in order to invest the proceeds in the company at the same price with a hold period of 4 months plus one day.
“Metalla is pleased to welcome a prominent institutional investor as well as enhance our financial flexibility as we look to acquire additional royalties and streams,” commented Tim Gallagher, Metalla’s Chairman.
Metalla Royalty & Streaming Ltd. is a precious metals royalty and streaming company engaged in the acquisition and management of precious metal royalties, streams, and similar production-based interests.
photo credit: Metalla Royalty & Streaming