Analyst Summary
- Beedie Capital increased its equity position in Metalla by converting C$1.5 million of accrued interest into 412,088 common shares.
- Metalla made a payment of C$2.0 million to Beedie to reduce all unpaid and accrued fees and interest under the Loan Facility to $Nil as of the payment date.
- Metalla granted an aggregate of 525,788 restricted share units (RSUs) and 955,000 stock options to directors, officers, consultants, and employees.
- The RSUs and Options vest in two equal installments, twelve and twenty-four months from the date of grant.
- Each vested RSU will entitle the holder to receive one Share and each vested Option will entitle the holder to acquire one Share at an exercise price of C$4.41 for a period of five years.