Metalla Royalty & Streaming Ltd. announced a non-brokered private placement of convertible loan facility for gross proceeds of CAD 3,000,000 on September 13, 2021. The facility is convertible to common shares. The facility will bear an interest rate of 8%. The transaction is subject to approval from TSX Venture Exchange. The drawdown amount is convertible into common shares of the company at a conversion price of CAD 11.16 which is based on a 20% premium above the 30-day volume-weighted average price of the common shares on the TSX Venture Exchange calculated as of September 30, 2021. Any common shares issued upon conversion of the drawdown amount will be subject to a hold period elapsing on February 2, 2022.