Metalla Royalty & Streaming Ltd.
Metalla Royalty and Streaming Ltd, formerly Excalibur Resources Ltd, is a Canada-based precious metals royalty and streaming company. It is engaged in the acquisition and management of precious metal royalties, streams and similar production-based interests. It is focused on precious metals, such as gold and silver. Its streaming process involves making an initial payment to the mining company for the right to purchase the metal. Then, it includes making an additional fixed payment per ounce of gold/silver delivered, typically for the life of the mine. It holds royalties interests in Hoyle Pond Extension Royalties, which is located in Hoyle township, Canada; West Timmins mine, which lies on the extension of the Timmins Deposit, Canada; DeSantis Project, located approximately 10 kilometers east of Lake Shore Gold Corp.’s Timmins Mine, Canada, and Mirado gold project, which is located approximately 30 kilometers southeast of the gold mining Town of Kirkland Lake, Ontario, Canada.
Metalla Royalty & Streaming Ltd. (MTA)
December 5, 2016
Excalibur Resources Ltd. announced a name change to Metalla Royalty & Streaming Ltd. and a share consolidation of its issued and outstanding common shares on a one (1) new for a three (3) old basis. No fractional common shares will be issued pursuant to the Consolidation. All Fractional interests of 0.5 or greater will be rounded up to the nearest whole number of shares and fractional interests of less than 0.5 will be rounded down to the nearest whole number of shares.