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Metalla Royalty & Streaming Ltd. (CSE:MTA) has signed an agreement to increase its interest in the Hoyle Pond Extension royalty to 2% (was 1%), we view the increase positively. Metalla signed a definitive agreement for C$1.5 million with Matamec Exploration Inc. to acquire the company’s royalties on the Hoyle-Matheson and Montclerg properties in Timmins, Ontario. The acquisition price includes a C$500,000 cash payment including C$1 million worth of shares (2 million shares for C$0.50/share). In addition, the company completed the acquisition of High Stream Corp, under the agreement announced in July 2016, High Stream received 10 million shares of Metalla. Based on the pending acquisition of the cash flowing Silverback stream, Metalla trades at ~56-59x on EV/CF basis vs. peers at 31.0x; however, this does not reflect the value of the Hoyle Pond royalty or the company’s ability to rapidly grow its portfolio with similar small streams. read more
Metalla Royalty & Streaming Ltd. (CSE:MTA) announced it has signed a definitive agreement to acquire a 15% interest in Silverback LTD for US$1.86 million. The company announced it had signed a letter of intent (LOI) to acquire this royalty in January 2017. Silverback LTD owns 100% of the New Luika Gold Mine (NLGM) silver stream. The NLGM produced ~126,572 oz Ag in 2016 and 28,750 oz Ag in Q1 2017. We estimate that Metalla has the potential to generate annual cash flow of US$260-280k from this stream based on previous production and current spot silver price. The agreement also includes an option for the company to invest in an additional streaming transaction. We view the investment positively, as the company continues to add value to its portfolio. The transaction is expected to close on or around May 11th, 2017. read more
On Friday March 3th, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Pre-PDAC Mining Showcase. The event features presentations from 21 companies, including a themed lunch presentation by leading corporations in the gold mining sector. Visit the event page for more details on the day’s schedule. In this post, we provide a brief preview on the 21 presenting companies and 13 banner sponsors that will also be in attendance. read more
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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