More cash coming in -- possibly for an upcoming announce 2018-11-28 19:27:00
Metalla Royalty 525,000 bonus warrants
The TSX Venture Exchange has accepted for filing the company's proposal to issue 525,000 bonus warrants to three arm's-length parties in consideration of loans totalling $1.75-million (U.S.). Interest is payable at 5 per cent per annum (12 per cent in the case of default). An origination fee of 3 per cent is applicable. The warrants are exercisable at 85 cents for a term of three years, with a provision to reduce the warrant term to one year in event of prepayment prior to the one-year loan term or in the event of partial repayment prior to the one-year term to reduce the equivalent warrants term pro rata.