TORONTO, June 30, 2021 /CNW/ - Vox Royalty
Corp. (TSXV: VOX) ("Vox" or the "Company"),
a high growth precious metals focused royalty company, is
pleased to provide a number of corporate updates to its
shareholders.
Silicon Review Award
The Company is pleased to announce that it has been named one of
the 50 fastest growing companies of 2021 by The Silicon Review.
Kyle Floyd, Chief Executive
Officer stated: "Thanks to the Silicon Review for
awarding as one of the 50 fastest growing companies of the
year, alongside some of the fastest growing technology businesses
globally. It is a tremendous testament to our team's hard work and
dedication to create disruptive intellectual property advantages in
the mining royalty sector."
Chief Investment Officer Appointment
The Company is pleased to announce the appointment of
Spencer Cole to the position of
Chief Investment Officer, effective the date hereof. Spencer Cole was co-founder of the Mineral
Royalties Online royalty database with Riaan Esterhuizen, which Vox acquired prior to
its May 2020 listing transaction on
the TSX Venture Exchange.
Mr. Cole has spent over 10 years at BHP, South32 and UBS
Investment Bank in a wide range of commercial and technical mining
roles. Spencer holds a Masters of Engineering (Mining Engineering)
from Queen's University in Ontario
and a Bachelor of Commerce from the University
of Melbourne.
Kyle Floyd, Chief Executive
Officer stated: "I want to congratulate Spencer Cole on his appointment to Chief
Investment Officer of the Company. Spencer has been an instrumental
member of the Vox team during a tremendous period of growth, and as
EVP North America he helped the Company increase its royalty
portfolio by over 40 royalties across 21 deals, raise over
C$30M in equity financing and achieve
independent research coverage from 3 brokers."
Marketing Initiatives
The Company is pleased to announce that it has entered into an
agreement for services (the "Agreement") with Rose &
Company ("Rose & Co."), effective July 1, 2021, pursuant to which Rose & Co.
will provide certain institutional market advisory and related
services to the Company in accordance with TSX Venture Exchange
policies. The Agreement has an initial term of four months, and,
unless terminated by either party, will renew automatically for
successive three-month periods. Rose & Co. will be paid
US$7,500 monthly pursuant to the
Agreement out of the Company's cash on hand. Rose & Co. will
not receive any shares or options as compensation for the
arrangement and does not hold any interest, directly or indirectly,
in Vox or its securities. Rose & Co. has offices in
New York and London. Rose & Co.'s New York office is located at 610 Fifth
Avenue, Suite 308, New York, NY,
10020.
The Company is also pleased to announce that in the upcoming
months, Vox management will be participating in the following
in-person conferences:
- Precious Metals Summit Beaver Creek – September 8th to
11th; and
- Explorer & Developer Forum at the 2021 Gold Forum Americas
– September 12th to
15th.
Vox management looks forward to engaging with investors and
royalty holders at these in-person conferences and via regular
virtual outreach over the coming months.
Normal Course Issuer Bid
As previously announced on November 17,
2020, the Company has received approval from the TSX Venture
Exchange to conduct a Normal Course Issuer Bid ("NCIB") for
its ordinary shares through November 18,
2021. The Company is pleased to announce that it has
appointed Independent Trading Group (ITG), Inc. as its broker to
assist with purchases pursuant to the NCIB with effect from the
date hereof.
Option Grants
As part of its ordinary course annual management performance
reviews, the Company has granted an aggregate of 176,734 restricted
share units ("RSU") to officers and employees of Vox. The
RSUs vest ¼ on each of December 31,
2021, June 30, 2022,
December 31, 2022, and June 30, 2023. Each RSU entitles the holder to
receive one ordinary share of the Company. The Company has reserved
up to 176,734 ordinary shares for issuance on the exercise of the
RSUs.
The Company has also granted an aggregate of 799,826 stock
options to officers and employees of Vox. The stock options have an
exercise price of $3.25 per share,
have a five-year term from the date of grant and vest ¼ on each of
December 31, 2021, June 30, 2022, December
31, 2022, and June 30, 2023.
The Company has reserved up to 799,826 ordinary shares for issuance
on the exercise of the stock options.
About Vox
Vox is a high growth precious metals royalty and streaming
company with a portfolio of over 50 royalties and streams spanning
nine 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 become the fastest growing company in the royalty sector.
Since the beginning of 2019, Vox has announced over 20 separate
transactions to acquire over 45 royalties.
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. 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, Vox's ability
and intention to purchase its ordinary shares pursuant to a normal
course issuer bid.
Forward-looking statements and information are based on
forecasts of future results, estimates of amounts not yet
determinable and assumptions that, while believed by management to
be reasonable, are inherently subject to significant business,
economic and competitive uncertainties and contingencies.
Forward-looking statements and information are subject to various
known and unknown risks and uncertainties, many of which are beyond
the ability of Vox to control or predict, that may cause Vox's
actual results, performance or achievements to be materially
different from those expressed or implied thereby, and are
developed based on assumptions about such risks, uncertainties and
other factors set out herein, including but not limited to:
regulatory restrictions and the requirement for regulatory
approvals; the impact of the COVID-19 pandemic. 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.
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.
SOURCE Vox Royalty Corp.