Alamos Gold "announced that it has entered into an agreement to sell a portfolio of non-core royalties to Metalla Royalty & Streaming Ltd. for proceeds of $5.0 million in Metalla common shares. The portfolio being sold consists of three royalties and one silver stream, all of which are on assets not owned by Alamos. This includes a silver stream on the Esperanza project in Morelos, Mexico which was sold in April 2022, and royalties on the Fenn Gib South, Ronda, and Northshore West exploration stage projects located in Ontario, Canada. As consideration for the portfolio of royalties, Alamos will be receiving 939,355 Metalla common shares, valued at $5.0 million, or US$5.3228 per common share, based on the 20-day volume weighted average price preceding the agreement. Following completion of the transaction, Alamos will own approximately 1.9% of Metalla’s issued and outstanding common shares."
Published first on TheFly
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