Beedie Investments Ltd. Announces Filing of Early Warning Report

Rhea-AI Summary

Beedie Investments Ltd. announces that Metalla Royalty & Streaming Ltd. (MTA) has fully repaid its convertible loan facility, including a principal balance of C$16.4 million plus C$0.7 million in accrued interest and standby fees. Following the repayment, Beedie's ownership in Metalla has decreased from a potential 12.89% (on a partially diluted basis) to 10.32% of outstanding shares, now holding 9,546,575 Common Shares.

Beedie maintains its investment position in Metalla and may consider future actions including additional share purchases, participation in corporate transactions, or maintaining current holdings based on market conditions.

Positive

• Full repayment of C$16.4 million loan principal plus C$0.7 million in interest and fees
• Metalla successfully eliminates convertible debt obligation
• Beedie maintains significant equity stake of 10.32% in Metalla

Negative

• Reduction in Beedie's potential ownership from 12.89% to 10.32%
• Loss of potential conversion rights for additional shares

Insights

Financial Analyst

Metalla strengthens its balance sheet by fully repaying C$17.1M convertible loan to Beedie, reducing Beedie's ownership stake to 10.32%.

The announcement reveals that Metalla Royalty & Streaming has fully repaid its C$16.4 million convertible loan facility to Beedie Investments, plus C$0.7 million in accrued interest and standby fees. This transaction completely retires the debt under their second amended and restated convertible loan agreement from October 2023.

This repayment has significant implications for Metalla's ownership structure. Prior to repayment, if Beedie had converted all available loan amounts to equity, they would have controlled approximately 12.89% of Metalla's outstanding shares on a partially diluted basis. Post-repayment, Beedie now directly owns 9,546,575 common shares, representing 10.32% of Metalla's outstanding shares on a non-diluted basis.

From a financial perspective, this development strengthens Metalla's balance sheet by eliminating a substantial debt obligation. For a royalty and streaming company, reducing leverage improves financial flexibility to pursue new royalty or streaming opportunities. Additionally, the retirement of convertible debt removes potential future dilution that would have occurred had the debt been converted to equity.

While Beedie remains a significant shareholder with over 10% ownership, their regulatory statement indicates they may adjust their position based on market conditions - either increasing or decreasing their stake. This repayment demonstrates Metalla's financial capability to meet its obligations while improving its capital structure, which generally signals improving financial health for the company.

Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Beedie Investments Ltd. ("Beedie") announces that Metalla Royalty & Streaming Ltd. ("Metalla") has fully repaid and retired the existing convertible loan facility under the second amended and restated convertible loan agreement dated October 19, 2023 between Beedie and Metalla (the "Credit Agreement"). The final payments by Metalla to Beedie included a repayment of the principal loan balance of C$16.4 million plus C$0.7 million in accrued interest and standby fees (the "Repayment"). There are no further amounts due to Beedie under the Credit Agreement.

Immediately prior to the Repayment and assuming conversion in full of the convertible amounts under the Credit Agreement into common shares in the capital of Metalla ("Common Shares"), Beedie, directly or indirectly, would own or control a total of 12,273,241 Common Shares, representing approximately 12.89% of the issued and outstanding Common Shares on a partially diluted basis.

Immediately following the completion of the Repayment, Beedie, directly or indirectly, owns or controls a total of 9,546,575 Common Shares, representing approximately 10.32% of the issued and outstanding Common Shares on a non-diluted basis.

All of the securities held by Beedie in Metalla, including the Common Shares, are being held for investment purposes. Beedie may in the future take such actions in respect of its securityholdings in Metalla as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Metalla through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving Metalla, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or Beedie may continue to hold its current positions.

A copy of the early warning report relating to the Common Shares will be available under Metalla's profile on SEDAR+ at www.sedarplus.ca, and may also be obtained by contacting Beedie Investments Limited at 604-435-3321. Beedie's head office is located at Suite 900 - 1111 West Georgia St. Vancouver, BC V6E 4M3.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256688

FAQ

What is the total amount Metalla Royalty (MTA) repaid to Beedie Investments?

Metalla repaid a total of C$17.1 million, consisting of C$16.4 million in principal and C$0.7 million in accrued interest and standby fees.

How many shares of Metalla (MTA) does Beedie Investments now own?

Beedie Investments now owns 9,546,575 Common Shares of Metalla, representing approximately 10.32% of outstanding shares.

How did Beedie's ownership percentage in Metalla (MTA) change after the loan repayment?

Beedie's potential ownership decreased from 12.89% (on a partially diluted basis) to 10.32% (on a non-diluted basis) following the loan repayment.

What are Beedie's future plans regarding its Metalla (MTA) investment?

Beedie may consider purchasing additional shares, participating in corporate transactions, selling its holdings, or maintaining its current position based on market conditions.