Metalla Royalty Streaming: Investors About to See Major Dilution
Metalla Royalty Streaming (TSE: MTA) acquires and manages precious metal royalties, streams, and similar production-based interests. The company recently announced that it will raise up to US$50 million using an at-the-market equity program. Essentially, the company will sell shares a little bit at a time on the open market during market hours at its discretion. It will do this through BMO Nesbitt Burns (TSE: BMO), which is the lead agent, along with PI Financial and Scotia Capital (TSE: BNS). The company plans to use the proceeds to fund the future purchase of streams and royalties and for general working capital purposes.
Metalla Royalty Streaming: Investors About to See Major Dilution
Metalla Royalty Streaming (TSE: MTA) acquires and manages precious metal royalties, streams, and similar production-based interests. The company recently announced that it will raise up to US$50 million using an at-the-market equity program. Essentially, the company will sell shares a little bit at a time on the open market during market hours at its discretion. It will do this through BMO Nesbitt Burns (TSE: BMO), which is the lead agent, along with PI Financial and Scotia Capital (TSE: BNS). The company plans to use the proceeds to fund the future purchase of streams and royalties and for general working capital purposes.