METALLA ANNOUNCES CLOSING OF BEEDIE CONVERSION, DEBT REPAYMENT OF C$2 MILLION, AND ANNUAL EQUITY GRANT

Core Points - Beedie Capital has increased its equity position in Metalla by converting C$1.5 million of accrued interest into 412,088 common shares at a conversion price of C$3.64 per share, resulting in Beedie owning approximately 10.3% of the company [1] - Metalla made a payment of C$2.0 million to Beedie to reduce all unpaid fees and interest under the loan facility to zero, leaving C$16.4 million outstanding under the loan facility with a conversion price of C$6.00 per share [2] - Metalla completed its 2024 annual equity grant, issuing 525,788 restricted share units and 955,000 stock options to directors, officers, and employees, with options exercisable at C$4.41 for five years [3] Company Overview - Metalla is a royalty and streaming company focused on gold, silver, and copper, with a strong growth profile and operations in North America, South America, and Australia [4]