Business
Vox Royalty Announces Signing of Underwriting Agreement and Filing of Prospectus Supplement
GEORGE TOWN, Cayman Islands, March 22, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) ("Vox" or the "Company"), is pleased to announce that further to its previousl
About this update from Vox Royalty Corp
[{"type":"text","content":" GEORGE TOWN, Cayman Islands, March 22, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (\"Vox\" or the \"Company\"), is pleased to announce that further to its previously announced overnight marketed public offering (the \"Offering\") of units of the Company (the \"Units\"), it has entered into an underwriting agreement with a syndicate of underwriters co-led by BMO Capital Markets and Cantor Fitzgerald Canada Corporation, and including Stifel Nicolaus Canada Inc. and Red Cloud Securities Inc. (collectively, the \"Underwriters\") to sell 5,000,000 Units at a price of C$3.00 per Unit (the \"Offering Price\") for aggregate gross proceeds of C$15,000,000. Each Unit will be comprised of one ordinary share of the Company (a \"Unit Share\") and one half of one ordinary share purchase warrant of the Company (each full ordinary share purchase warrant, a \"Unit Warrant\"). Each Unit Warrant will be exercisable to acquire one ordinary share of the Company (a \"Warrant Share\") for a period of 36 months following the closing date of the Offering at an exercise price of C$4.50 per Warrant Share, subject to adjustment in certain events. The Company has granted to the Underwriters an option to purchase up to an additional 750,000 Units at the Offering Price or any combination of up to an additional 750,000 Unit Shares at a price of C$2.85 per Unit Share and up to an additional 375,000 Unit Warrants at a price of C$0.30 per Unit Warrant, subject to an aggregate maximum of 15% of the aggregate number of Units sold under the Offering, exercisable within 30 days of the date of closing of the Offering. The Units will be offered pursuant to a prospectus supplement dated March 22, 2021 to the Company's short form base shelf prospectus dated October 2, 2020. The Units will be offered in each of the provinces of Canada, except Quebec. The Units will also be sold to U.S. buyers on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises. In consideration for its services to be provided in connection with the Offering, the Underwriters will receive, on the closing of the Offering, a cash commission equal to 6.0% of the gross proceeds of the Offering. The Offeri...