00:42:34 EDT Wed 19 Jun 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Metalla Royalty and Streaming Ltd
Symbol C : MTA
Shares Issued 120,474,479
Close 2019-04-11 C$ 1.24
Recent Sedar Documents

Metalla sues Alexandria over Cadillac Break royalty

2019-04-12 09:38 ET - Street Wire

Also Street Wire (C-AZX) Alexandria Minerals Corp

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Metalla Royalty and Streaming Ltd. has filed a lawsuit in the Supreme Court of British Columbia against Alexandria Minerals Corp. over a royalty negotiation gone awry. Metalla claims that Alexandria breached the terms of a letter of intent between the companies with respect to the Cadillac Break property. According to the suit, Alexandria unfairly set up a deal to sell a royalty on the property to another party.

The allegations are contained in a brief notice of claim that Metalla filed at the Vancouver courthouse on April 9, 2019. The lawsuit stems from a letter of intent that Metalla says it entered into with Alexandria on Jan. 22, 2019. The LOI, as described in the suit, was for a royalty that Alexandria would grant Metalla on Cadillac Break. The LOI set out how Alexandria would suspend talks it was having with anybody else and would negotiate exclusively with Metalla. The LOI also specified that Alexandria was to immediately notify Metalla of any other proposal it received.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2019 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.