Metalla Royalty & Streaming Ltd.
(“
Metalla” or the “
Company”)
(TSXV:MTA) (OTCQX:MTAFF) (FRANKFURT:X9CP) is pleased to announce
that its board of directors has approved and declared a monthly
cash dividend payment of CAD $0.0015 per share for July, August,
and September 2018 on its common shares for the upcoming quarter
(subject to any applicable tax withholding obligations).
Brett Heath, Metalla’s President & CEO
commented, “As of market close June 1, 2018 at a price of $0.82,
our annual dividend yield is approximately 2.2%, making Metalla one
of the highest yielding precious metal royalty and streaming
companies. We expect to pay out over $1 million this year in
dividends while the company grows through accretive acquisitions.
This gives our investors a direct link to gold and silver prices in
addition to capital appreciation tied to our impressive growth
track record.”
The table below sets out the monthly record and
payment dates for shareholders of record. The Company plans to
expand its dividend over the course of the year targeting a payout
ratio up to 50% of its operating cash flow after taxes and G&A.
The dividend should give shareholders a link to gold and silver
prices and performance of the Company’s royalties and streams.
DIVIDEND SCHEDULE
|
Record Date |
Payment Date |
Payment Amount ($CAD) |
June |
June 1, 2018 |
June 15, 2018 |
$0.0015 |
July |
July 3, 2018 |
July 16, 2018 |
$0.0015 |
August |
August 1,2018 |
August 15, 2018 |
$0.0015 |
September |
September 4, 2018 |
September 17, 2018 |
$0.0015 |
All dividends in the above table are ‘Eligible Dividends’
pursuant to the Income Tax Act of Canada.
In the future, and assuming compliance with all
applicable securities laws, the Company plans to offer a Dividend
Reinvestment Plan (“DRIP”) once it reaches certain requirements to
efficiently provide the DRIP to all of its shareholders.
About Metalla
Metalla is a precious metals royalty and
streaming company. Metalla provides shareholders with precious
metal exposure through a diversified 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 precious metal royalty
and streaming companies for the next commodities cycle.
For further information, please visit our
website at www.metallaroyalty.com
Contact Information
Metalla Royalty & Streaming Ltd.Brett Heath, President &
CEOPhone: 604-696-0741Email: info@metallaroyalty.comWebsite:
www.metallaroyalty.com
NEITHER THE TSX VENTURE EXCHANGE (“TSX-V”) NOR
ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX-V) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains “forward-looking
information” and “forward-looking statements” within the meaning of
applicable Canadian and U.S. securities legislation. The
forward-looking statements herein are made as of the date of this
press release only and the Company does not assume any obligation
to update or revise them to reflect new information, estimates or
opinions, future events or results or otherwise, except as required
by applicable law.
Often, but not always, forward-looking
statements can be identified by the use of words such as “plans”,
“expects”, “is expected”, “budgets”, “scheduled”, “estimates”,
“forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”,
“anticipates” or “believes” or variations (including negative
variations) of such words and phrases or may be identified by
statements to the effect that certain actions “may”, “could”,
“should”, “would”, “might” or “will” be taken, occur or be
achieved. Forward-looking information in this press release
includes, but is not limited to, statements with respect to future
events or future performance of Metalla, future payments of
dividends, the adoption of the DRIP, disclosure regarding the
precious metal purchase agreements and royalty payments to be paid
to Metalla by property owners or operators of mining projects
pursuant to net smelter returns and other royalty agreements of
Metalla, continued ramp-up at the Endeavor Mine, management’s
expectations regarding Metalla’s growth, results of operations,
estimated future revenues, carrying value of assets, future
dividends, and requirements for additional capital, production
estimates, production costs and revenue, future demand for and
prices of commodities, expected mining sequences, business
prospects and opportunities. Such forward-looking statements
reflect management’s current beliefs and are based on information
currently available to management.
Forward-looking statements involve known and
unknown risks, uncertainties and other factors, which may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance, or
achievements expressed or implied by the forward-looking
statements. The forward-looking statements contained in this press
release are based on reasonable assumptions that have been made by
management as at the date of such information and is subject to
unknown risks, uncertainties and other factors that may cause the
actual actions, events or results to be materially different from
those expressed or implied by such forward-looking information,
including, without limitation: the impact of general business and
economic conditions; the ongoing operation of the properties in
which the Company holds a royalty, stream, or other production-base
interest by the owners or operators of such properties in a manner
consistent with past practice; absence of control over mining
operations; the accuracy of public statements and disclosures made
by the owners or operators of such underlying properties; no
material adverse change in the market price of the commodities that
underlie the asset portfolio; and other risks and uncertainties
disclosed under the heading “Risk Factors” in the Management's
Discussion and Analysis of the Company dated September 28, 2017
filed with the Canadian securities regulatory authorities on the
SEDAR website at www.sedar.com.
Although Metalla has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information.
Investors are cautioned that forward-looking statements are not
guarantees of future performance. The Company cannot assure
investors that actual results will be consistent with these
forward-looking statements. Accordingly, investors should not place
undue reliance on forward-looking statements or information.
Readers are cautioned that forward-looking
statements are not guarantees of future performance. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements.
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