Business
Vox Royalty Announces Full Exercise of Over-Allotment Option in Underwritten Public Offering of Common Shares
TORONTO, July 11, 2023 (GLOBE NEWSWIRE) -- Vox Royalty Corp. (TSX: VOXR) (NASDAQ: VOXR) (“Vox” or the “Company”), a returns focused mining royalty company, is p
About this update from Vox Royalty Corp
[{"type":"text","content":" TORONTO, July 11, 2023 (GLOBE NEWSWIRE) -- Vox Royalty Corp. (TSX: VOXR) (NASDAQ: VOXR) (“Vox” or the “Company”), a returns focused mining royalty company, is pleased to announce that, in connection with its previously announced primary underwritten public offering (the “Offering”) of 3,025,000 common shares of the Company (“Common Shares”), the syndicate of underwriters for the Offering, co-led by Maxim Group LLC and BMO Capital Markets as joint book-running managers, have exercised their over-allotment option in full to purchase an additional 453,750 Common Shares (the “Additional Shares”) at a public offering price of US$2.40 per share for additional gross proceeds to the Company of approximately US$1.09 million, prior to deducting underwriting commissions and Offering expenses payable by the Company. The sale of the Additional Shares closed on July 11, 2023. After giving effect to the full exercise of the over-allotment option, the total number of Common Shares sold by the Company in the Offering was 3,478,750 Common Shares (the “Shares”) for aggregate gross proceeds to the Company of approximately US$8.35 million, prior to deducting the underwriting commissions and Offering expenses payable by the Company. The Company intends to use the net proceeds from the Offering for future acquisitions of royalties and/or general working capital purposes. The Shares are listed on The Nasdaq Capital Market under the symbol “VOXR” and the Toronto Stock Exchange (“TSX”) under the symbol “VOXR”. The Shares sold in the Offering were issued by means of written prospectuses and prospectus supplements that form part of Vox’s existing short form base shelf prospectus dated January 23, 2023, filed pursuant to the shelf prospectus procedures established by National Instrument 44-102 - Shelf Distributions and the requirements established by National Instrument 41-101 - General Prospectus Requirements and National Instrument 44-101 - Short Form Prospectus Distributions, and Vox’s U.S. registration statement on Form F-10, as amended (File No. 333-268011), filed with the United States Securities and Exchange Commission (the “SEC”). Final prospectus supplements and the accompanying prospectuses have been filed with the securities regulatory authorities in all provinces of Canada, other than Québec, pursuant to the Multijurisdictional Disclosure Syste...