TSXV: MTA
OTCQX: MTAFF
Frankfurt: X9CP
VANCOUVER, Jan. 31, 2019 /CNW/ - 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 $0.0015 per share for February, March, April, and May 2019 on its common shares
(subject to any applicable tax withholding obligations).
The table below sets out the monthly record and payment dates for shareholders of record. The Company plans to expand its
dividend throughout the year targeting a payout ratio up to 50% of its operating cash flow after taxes and general and
administrative expenses. The dividend should provide shareholders with a link to gold and silver prices through the performance
of the Company's royalties and streams.
DIVIDEND SCHEDULE
|
Record Date
|
Payment Date
|
Payment Amount ($CAD)
|
February
|
February 1, 2019
|
February 15, 2019
|
$0.0015
|
March
|
March 1, 2019
|
March 15, 2019
|
$0.0015
|
April
|
April 1, 2019
|
April 15, 2019
|
$0.0015
|
May
|
May 1, 2019
|
May 15, 2019
|
$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 provide the DRIP to all of its shareholders efficiently.
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
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 or increase of dividends, the adoption of the DRIP, the performance of the Metalla's royalties and
streams 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-based 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.
SOURCE Metalla Royalty and Streaming Ltd.
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