Vox Royalty completes $57.5 million gold portfolio acquisition

DENVER - Vox Royalty Corp. (TSX:VOXR) (NASDAQ:VOXR), a royalty company whose shares have surged over 35% in the past six months and currently trade near their 52-week high of $4.24, announced Friday it has completed its acquisition of a global gold portfolio comprising ten gold offtake and royalty assets from subsidiaries of Deterra Royalties Limited.

The portfolio spans twelve mines and projects across eight countries including Australia, Brazil, Canada, Côte d’Ivoire, Mali, Mexico, South Africa, and the United States.

The transaction, initially announced on September 23, was completed for $57.5 million in upfront cash consideration with an additional $2.5 million in deferred milestone payments.

Vox financed the acquisition through a concurrent overnight marketed public offering of 17,094,750 common shares, generating gross proceeds of $63.25 million.

The acquisition expands Vox’s existing portfolio to over 80 assets across eight jurisdictions. Since early 2020, the company has executed more than 30 separate transactions to acquire over 70 assets.

This information is based on a company press release statement issued today.

In other recent news, Vox Royalty Corp. has completed a significant underwritten public offering, raising approximately $63.25 million in gross proceeds. This offering involved the issuance of 17,094,750 common shares priced at $3.70 each, with full exercise of the underwriters’ 15% over-allotment option. The proceeds are intended to fund the company’s gold portfolio, and the offering was co-led by BMO Capital Markets, Cantor Fitzgerald Canada Corporation, and National Bank Financial Inc. Additionally, Vox Royalty priced a $55 million public offering at $3.70 per share, planning to sell 14,865,000 common shares, with an expected closing date subject to regulatory approvals. In another development, Vox Royalty has acquired a 1.5% gross revenue royalty on the Wyloo North iron ore project in Western Australia for A$1.5 million. This royalty covers the first 15 million tonnes of iron ore production from the Wyloo North deposit. Furthermore, Vox Royalty has been added to the Russell 2000 and Russell 3000 indexes, which include the largest US stocks by total market capitalization. These recent developments highlight Vox Royalty’s strategic financial maneuvers and expansion efforts.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.