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Electric Royalties Closes Vox Royalty Graphite Portfolio Acquisition
Electric Royalties Closes Vox Royalty Graphite Portfolio Acquisition Canada New...
About this update from Electric Royalties Ltd.
[{"type":"text","content":"\n \n \n \n Electric Royalties Closes Vox Royalty Graphite Portfolio Acquisition\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 16, 2021\n \n \n /CNW/ -\n \n Electric Royalties Ltd.\n \n (TSXV: ELEC)\n \n (\"Electric Royalties\" or the \"Company\")\n \n is pleased to announce, further to its news releases dated\n \n May 18, 2021\n \n and\n \n July 5, 2021\n \n , that is has closed the graphite royalty portfolio acquisition with Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF)\n \n (\"Vox\")\n \n , pursuant to the Royalty Portfolio Sale and Purchase Agreement dated\n \n June 30, 2021\n \n and amended\n \n July 15, 2021\n \n among the Company, Vox and its wholly owned subsidiaries, SilverStream SEZC and Vox Royalty Australia Pty Ltd. (as amended, the \"\n \n Royalty Purchase Agreement\n \n \").\n \n \n \n \n \n \n \n \n \n Pursuant to the terms of the Royalty Purchase Agreement, the Company issued to Vox an aggregate of 7,270,408 common shares of the Company (the \"\n \n Shares\n \n \") at a deemed price of\n \n $0.392\n \n per share, calculated as the 10 day volume weighted average price of the Shares on the TSX Venture Exchange prior to the date of issuance. The Shares are subject to a four-month hold period expiring on\n \n December 14, 2021\n \n .\n \n \n \n \n Brendan Yurik\n \n , CEO of Electric Royalties\n \n , stated \"We are excited to have completed the Vox royalty portfolio acquisition while at the same time strengthening our corporate relationship with Vox. Acquisition of the Graphmada and Yalbra royalties provides the Company with additional exposure to Graphite and the potential for near term cash flow. Vox has an exciting young team and proprietary data on existing royalties within the clean energy metals space. This is the first transaction we've worked on with Vox and management is excited about the opportunity to partner with them over the longer term.\"\n \n \n \n Vox Transaction Highlights\n \n \n \n \n Exposure to near-term graphite production at the Graphmada Projec...