Vox Royalty Announces Successful Commencement of Trading and Provides Guidance on Potential Q2-2020 Acquisitions
25 Mai 2020 - 6:01AM
Vox Royalty Corp (TSXV: VOX) (“Vox” or the
“Company”) is pleased to announce the commencement of
trading on the TSX Venture Exchange under the symbol “VOX”,
following the previously announced successful closing of the
brokered private placement of subscription receipts for gross
proceeds of approximately $13.75 million (the
“
Offering”). The Offering was completed in
connection with the reverse take-over transaction between Vox and
AIM3 Ventures Inc. (
TSXV: AIMC.P)
(“
AIM3”), as described in AIM3’s press releases
dated March 2, 2020 and April 28, 2020.
As one of the fastest growing royalty companies, Vox’s
management is pleased to provide a brief update around potential
royalty acquisitions that are currently the subject of advanced
negotiations that have the potential to be completed in Q2 2020.
Vox currently has four royalty acquisition opportunities under
exclusive letters of intent (“LOIs”) and is
actively progressing these potential transactions towards
definitive binding purchase agreement execution.
These four potential transactions include two royalties on
producing or near-production mining assets, a feasibility stage
royalty and an exploration stage royalty. Chief Executive Officer,
Kyle Floyd, stated: “Our TSX-V listing today represents an exciting
milestone in the six-year history of Vox. We are thrilled with the
strong investor demand that drove the successful outcome of our
brokered private placement raising aggregate gross proceeds of
$13.75 million, compared to the initially targeted raising of $7
million – $12 million as of March 2. This successful fundraising
and listing will enable us to continue our industry-leading royalty
acquisition growth strategy into the remainder of 2020 and beyond.
Our business development pipeline continues to grow at increasing
velocity and today’s listing milestone is a key step towards the
next phase of transformational growth for Vox.”
Executive Vice President – North America, Spencer Cole,
remarked: “These four exclusive LOIs are the tip of the iceberg in
terms of our advanced deal-flow pipeline. The Vox management team
and in-country deal sourcing agents are actively progressing a
significant number of other value accretive deals that we hope to
announce to the market in the coming months. 80% of management time
continues to be focussed on evaluating royalty opportunities over
producing and near-production assets with a bias towards gold
royalties.”
About Vox
Vox is a growth and precious metals focused
mining royalty and streaming company that was incorporated under
the Companies Law of the Cayman Islands as a Special Economic Zone
Company on January 22, 2014. Vox holds a portfolio of 36 royalties
and streaming assets and 1 royalty option. Vox’s interests span
seven jurisdictions, including Australia, Canada, Peru, Brazil,
Mexico, the United States and Madagascar. Vox has royalties and
agreements to acquire royalties on producing mines in addition to
royalties over several long-life, development-stage assets.
Recognizing the upside potential of exploration success, Vox also
acquires and holds a portfolio of royalties over exploration-stage
assets. Vox has been the fastest growing royalty & streaming
acquisition company since January-2019, announcing 11 separate
royalty transactions.
Further information on Vox can be found at
www.voxroyalty.com
Cautionary Note Regarding Forward Looking
Information
This news release contains certain forward-looking statements.
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, information
relating to potential acquisitions, the stage and status of the
royalties subject to the LOIs, the ability of Vox to continue to
complete acquisitions and the ability of the Vox management team to
continue to focus on acquisitions. Such statements and information
reflect the current view of Vox. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause Vox’s actual results, performance or
achievements or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the following risks:
- there is no assurance that the royalty acquisitions will be
completed;
- there is no assurance that Vox will be able to continue to
successfully negotiate the purchase of royalties; and
- new laws or regulations could adversely affect the Company’s
business and results of operations; and
- the stock markets have experienced volatility that often has
been unrelated to the performance of companies. These fluctuations
may adversely affect the price of the Company’s securities,
regardless of its operating performance.
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 the Company’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.
Not for distribution to United States newswire
services or for dissemination in the United States. This press
release does not constitute an offer to sell or a solicitation of
an offer to buy any of the securities in the United States. The
securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
For further information contact:
Spencer Cole Vox Royalty Corp, Executive Vice
President – North Americaspencer@voxroyalty.com Kyle FloydVox
Royalty Corp, Chief Executive Officerinfo@voxroyalty.com
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