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Vox Royalty Corp, the mining-focused streaming and royalty firm fixated on continuing to develop a portfolio of streams and royalties across a diverse commodity base, has reportedly begun trading on the TSX Venture Exchange under “VOX” ticker symbol.
This news comes after the successful closing of the brokered private placement of subscription receipts of Vox Royalty for aggregate proceeds of around USD 13.75 million. This deal was closed in connection with the reverse take-over transaction between AIM3 Ventures Inc. and Vox Royalty Corp.
In the press release, the company also provided a brief update regarding potential royalty acquisitions that are presently the subject of advanced negotiations which can possibly be completed in the second quarter of 2020.
The company presently has four royalty acquisitions in its pipeline under exclusive LOI (Letters of Intent) and is keenly pushing these transactions towards definitive binding purchase agreement execution. These four transactions consist of two royalties on near-production or producing mining assets, an exploration state royalty, and feasibility stage royalty.
Kyle Floyd, Chief Executive Officer of Vox said that the company’s TSX-V listing today represented an exciting milestone in its six-year history of operation. The company is thrilled with the robust investor demand that drove the fruitful result of its brokered private placement raising gross proceeds of USD 13.75 million, compared to the originally targeted raising of USD 7 million – USD 12 million as of March 2, states Mr. Floyd.
Mr. Floyd added that this successful listing and fundraising would enable the company to continue its royalty acquisition growth strategy in the forthcoming time. Vox’s business development pipeline would continue to grow at a robust pace and today’s listing milestone is a pivotal step towards the next phase of significant growth for the company, said Mr. Floyd.
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