TORONTO, Oct. 5, 2022
/CNW/ - Vox Royalty Corp. (TSXV: VOX) (OTCQX:
VOXCF) ("Vox" or the "Company") a returns
focused mining royalty company, is pleased to announce that its
common shares have been approved for listing and trading on The
Nasdaq Stock Market ("Nasdaq"). Vox expects its common
shares will commence trading on the Nasdaq by the end of October
under the ticker symbol "VOXR". Vox's common shares will continue
to trade on the TSX Venture Exchange under the ticker symbol
"VOX".
Kyle Floyd, Chief Executive
Officer stated, "Vox has fundamentally transformed since its
initial public listing in May 2020
and our secondary listing on the Nasdaq represents another step to
unlock shareholder value. With the Nasdaq listing, we expect
enhanced trading liquidity in the US market along with a broader
base of institutional and retail investor engagement, as we
continue delivering on our differentiated strategy of disciplined
growth and sector-leading returns on royalty acquisitions. We
remain confident that the fundamental value created by Vox's
proprietary royalty acquisition model will eventually be reflected
in our share price, particularly with enhanced liquidity on the
Nasdaq."
As outlined in the Company's press release on March 10, 2022, Vox anticipates that a secondary
Nasdaq listing will provide further exposure to the US trading and
investor market and ultimately improve the Company's overall
profile and enhance shareholder value. Analysis conducted by Vox
management and its financial advisors suggests companies with
secondary listings on US main board exchanges have historically
resulted in improved trading liquidity for other small and
medium-cap royalty companies.
Concurrent with the commencement of trading on the Nasdaq, Vox
intends to cease the quotation of its common shares on the OTCQX.
While shareholders are not required to take any action, Vox
recommends that holders who bought their shares on the OTCQX
monitor their institution/brokerage account to ensure their
holdings are correctly reflected in respect of the listing on the
Nasdaq.
About Vox
Vox is a returns focused mining royalty company with a portfolio
of over 50 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 20
separate transactions to acquire over 50 royalties.
Further information on Vox can be found at www.voxroyalty.com.
Cautionary Note Regarding Forward
Looking Information
This news release contains "forward-looking information"
within the meaning of applicable Canadian securities laws and
"forward-looking statements" within the meaning of thin the meaning
of the U.S. Securities Act of 1933, the U.S. Securities
Exchange Act of 1934, and the U.S. Private Securities Litigation
Reform Act of 1995, respectively. 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".
The forward-looking statements and information in this press
release include, but are not limited to, the listing of Vox
common shares on the Nasdaq, expectations for enhanced trading
liquidity and retail/institutional shareholder engagement for Vox
shares following the Nasdaq listing, impacts (if any) on the price
of Vox common shares from the Nasdaq listing, and the ceasing of
quotation of Vox common shares on the OTCQX market.
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: the
requirement for regulatory approvals and third party consents, the
impact of general business and economic conditions, the absence of
control over the mining operations from which Vox will receive
royalties, including risks related to international operations,
government relations and environmental regulation, the inherent
risks involved in the exploration and development of mineral
properties; the uncertainties involved in interpreting exploration
data; the potential for delays in exploration or development
activities; the geology, grade and continuity of mineral deposits;
the impact of the COVID-19 pandemic; the possibility that future
exploration, development or mining results will not be consistent
with Vox's expectations; accidents, equipment breakdowns, title
matters, labor disputes or other unanticipated difficulties or
interruptions in operations; fluctuating metal prices;
unanticipated costs and expenses; uncertainties relating to the
availability and costs of financing needed in the future; the
inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses, commodity price
fluctuations; currency fluctuations; regulatory restrictions,
including environmental regulatory restrictions; liability,
competition, loss of key employees and other related risks and
uncertainties.
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.