Vox Royalty Announces Successful Commencement of Trading and Provides Guidance on Potential Q2-2020 Acquisitions

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TORONTO, May 25, 2020 (GLOBE NEWSWIRE) -- 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.”