Vox Royalty Corp. (TSX:
VOXR) (NASDAQ:
VOXR) (“
Vox” or
the “
Company”), a returns focused mining royalty
company, is pleased to announce that, in connection with its
previously announced primary underwritten public offering (the
“
Offering”) of 3,025,000 common shares of the
Company (“
Common Shares”), the syndicate of
underwriters for the Offering, co-led by Maxim Group LLC and BMO
Capital Markets as joint book-running managers, have exercised
their over-allotment option in full to purchase an additional
453,750 Common Shares (the “
Additional Shares”) at
a public offering price of US$2.40 per share for additional gross
proceeds to the Company of approximately US$1.09 million, prior to
deducting underwriting commissions and Offering expenses payable by
the Company. The sale of the Additional Shares closed on July 11,
2023.
After giving effect to the full exercise of the
over-allotment option, the total number of Common Shares sold by
the Company in the Offering was 3,478,750 Common Shares (the
“Shares”) for aggregate gross proceeds to the
Company of approximately US$8.35 million, prior to deducting the
underwriting commissions and Offering expenses payable by the
Company. The Company intends to use the net proceeds from the
Offering for future acquisitions of royalties and/or general
working capital purposes.
The Shares are listed on The Nasdaq Capital
Market under the symbol “VOXR” and the Toronto Stock Exchange
(“TSX”) under the symbol “VOXR”.
The Shares sold in the Offering were issued by
means of written prospectuses and prospectus supplements that form
part of Vox’s existing short form base shelf prospectus dated
January 23, 2023, filed pursuant to the shelf prospectus procedures
established by National Instrument 44-102 - Shelf Distributions and
the requirements established by National Instrument 41-101 -
General Prospectus Requirements and National Instrument 44-101 -
Short Form Prospectus Distributions, and Vox’s U.S. registration
statement on Form F-10, as amended (File No. 333-268011), filed
with the United States Securities and Exchange Commission (the
“SEC”). Final prospectus supplements and the
accompanying prospectuses have been filed with the securities
regulatory authorities in all provinces of Canada, other than
Québec, pursuant to the Multijurisdictional Disclosure System, and
with the SEC in the United States. Copies of these documents are
available on the System for Electric Document Analysis and
Retrieval website maintained by the Canadian Securities
Administrators at www.sedar.com and the SEC’s website at
www.sec.gov, as applicable. Alternatively, copies of these
prospectus supplements and the accompanying prospectuses may also
be obtained from Maxim Group LLC, at 300 Park Avenue, 16th Floor,
New York, NY 10022, Attention: Syndicate Department, by telephone
at (212) 895-3745 or by email at syndicate@maximgrp.com, or BMO
Capital Markets, in Canada at 9195 Torbram Road, Brampton, Ontario,
L6S 6H2, Attn: Brampton Distribution Centre C/O The Data Group of
Companies, by telephone at (905) 791-3151 (ext. 4312) or by email
at torbramwarehouse@datagroup.ca or in the United States at 151 W
42nd Street, 32nd Floor, New York, NY 10036, Attn: Equity Syndicate
Department, by telephone at (800) 414-3627 or by email at
bmoprospectus@bmo.com.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of the Shares in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Vox
Vox is a returns focused mining royalty company
with a portfolio of over 60 royalties and streams spanning eight
jurisdictions. The Company was established in 2014 and has since
built unique intellectual property, a technically focused
transactional team and a global sourcing network which has allowed
Vox to target the highest returns on royalty acquisitions in the
mining royalty sector. Since the beginning of 2020, Vox has
announced over 25 separate transactions to acquire over 50
royalties.
Further information on Vox can be found at
www.voxroyalty.com.
For further information contact:Kyle FloydChief
Executive Officerinfo@voxroyalty.com+1-345-815-3939
Cautionary Note Regarding
Forward-Looking Statements and Forward-Looking
Information
This press release contains “forward-looking
statements”, within the meaning of the U.S. Securities Act of 1933,
as amended, the U.S. Securities Exchange Act of 1934, as amended,
the Private Securities Litigation Reform Act of 1995 and
“forward-looking information” within the meaning of applicable
Canadian securities legislation. Any statements that express or
involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or
phrases such as “expects” or “does not expect”, “is expected”,
“anticipates” or “does not anticipate” “plans”, “estimates” or
“intends” or stating that certain actions, events or results “
may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved) are not statements of historical fact and may be
“forward-looking statements.” Forward-looking statements are
subject to a variety of risks and uncertainties which could cause
actual events or results to materially differ from those reflected
in the forward-looking statements.
The forward-looking statements and information
in this press release include, but are not limited to, the use of
the proceeds from the Offering and future royalty acquisition plans
of Vox.
Forward-looking statements are subject to a
variety of risks and uncertainties which could cause actual events
or results to materially differ from those reflected in the
forward-looking statements, including but not limited to: the
impact of general business and economic conditions; the absence of
control over mining operations from which Vox will purchase
precious metals or from which it will receive royalty or stream
payments, and risks related to those mining operations, including
risks related to international operations, government and
environmental regulation, delays in mine construction and
operations, actual results of mining and current exploration
activities, conclusions of economic evaluations and changes in
project parameters as plans are refined; problems related to the
ability to market precious metals or other metals; industry
conditions, including commodity price fluctuations, interest and
exchange rate fluctuations; interpretation by government entities
of tax laws or the implementation of new tax laws; the volatility
of the stock market; competition; risks related to Vox’s dividend
policy; epidemics, pandemics or other public health crises,
including the global outbreak of the novel coronavirus,
geopolitical events and other uncertainties, such as the conflict
in Ukraine, as well as those factors discussed in the section
entitled “Risk Factors” in Vox’s annual information form for the
financial year ended December 31, 2022 available at www.sedar.com
and the SEC’s website at www.sec.gov (as part of Vox’s Form
40-F).
Should one or more of these risks, uncertainties
or other factors materialize, or should assumptions underlying the
forward-looking information or statement prove incorrect, actual
results may vary materially from those described herein as
intended, planned, anticipated, believed, estimated or expected.
Vox cautions that the foregoing list of material factors is not
exhaustive. When relying on Vox’s forward-looking statements and
information to make decisions, investors and others should
carefully consider the foregoing factors and other uncertainties
and potential events.
Vox has assumed that the material factors
referred to in the previous paragraph will not cause such
forward-looking statements and information to differ materially
from actual results or events. However, the list of these factors
is not exhaustive and is subject to change, and there can be no
assurance that such assumptions will reflect the actual outcome of
such items or factors. The forward-looking information contained in
this press release represents the expectations of Vox as of the
date of this press release and, accordingly, is subject to change
after such date. Readers should not place undue importance on
forward-looking information and should not rely upon this
information as of any other date. While Vox may elect to, it does
not undertake to update this information at any particular time
except as required in accordance with applicable laws.
None of the TSX, its Regulation Services
Provider (as that term is defined in policies of the TSX) or The
Nasdaq Stock Market LLC accepts responsibility for the adequacy or
accuracy of this press release.
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