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VOX ANNOUNCES CLOSING OF US$7.26 MILLION UNDERWRITTEN PUBLIC OFFERING OF COMMON SHARES
VOX ANNOUNCES CLOSING OF US$7.26 MILLION UNDERWRITTEN PUBLIC OFFERING OF COMMON SHARES ...
About this update from Vox Royalty Corp
[{"type":"text","content":"\n \n \n \n VOX ANNOUNCES CLOSING OF US$7.26 MILLION UNDERWRITTEN PUBLIC OFFERING OF COMMON SHARES\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 TORONTO\n \n \n ,\n \n \n June 16, 2023\n \n \n /CNW/ -\n \n Vox Royalty Corp.\n \n (TSX: VOXR) (NASDAQ: VOXR) (\"\n \n Vox\n \n \" or the \"\n \n Company\n \n \"), a returns focused mining royalty company, is pleased to announce the closing of its previously announced primary underwritten public offering (the \"\n \n Offering\n \n \") through a syndicate of underwriters (the \"\n \n Underwriters\n \n \") co-led by Maxim Group LLC and BMO Capital Markets, who served as joint book-running managers for the Offering. In connection with the closing of the Offering, the Company issued 3,025,000 of its common shares (\"\n \n Common Shares\n \n \") (not including the Common Shares that may be acquired upon exercise of the Over-Allotment Option (as defined below)) at a public offering price of\n \n US$2.40\n \n per share, before deducting underwriting commissions, for total gross proceeds to the Company of approximately\n \n US$7.26 million\n \n , prior to deducting underwriting commissions and offering expenses payable by the Company.\n \n \n \n \n \n \n \n \n \n The Company granted to the Underwriters an option (the \"\n \n Over-Allotment Option\n \n \") to purchase up to an additional 453,750 Common Shares offered pursuant to the Offering on the same terms and conditions for a period of 30 days following and including the closing date of the Offering.\n \n \n The net proceeds to the Company upon the closing of the Offering, after deducting the underwriting commissions and estimated offering expenses payable by the Company, were approximately\n \n US$6.19 million\n \n (assuming no exercise of the Over-Allotment Option). The Company intends to use the net proceeds from the Offering for future acquisitions of royalties and/or general working capital purposes.\n \n \n The Common Shares sold in the Offering are listed on The Nasdaq Capital Market (\"\n \n Nasdaq\n \n \") under the sym...