Last week Metalla Royalty and Streaming (TSX.V:MTA – NYSE:MTA) purchased a participation royalty from Morgan Stanley on Karora Resources Higgensville Gold Operation in Australia. It was an all share deal worth up to US$6.5million and this royalty is currently cash flowing.
Brett Heath, President and CEO of Metalla joins me for a overview of the deal terms which are different than your standard percentage royalty. We also look at the leverage to the gold when it comes to the future cash flow projections.
Please email me if you have any further questions for Brent. My email address is Fleck@kereport.com.
Click here to visit the Metalla website and read over the recent news release.