Vox Royalty acquires Canadian royalty porfolio from First Quantum Minerals

Vox Royalty announced that it has executed a binding royalty sale and purchase agreement dated November 9, 2022 with First Quantum Minerals to acquire rights to a portfolio of up to four Canadian royalties, for total consideration of up to C$650,000. Pursuant to the terms of the purchase and sale agreement, on closing, Vox will issue C$525,000 of Vox common shares, being 164,319 common shares at an issue price of C$3.1950 per common share for the Estrades and Opawica royalties. Closing of the Transaction remains conditional upon final acceptance by the TSX Venture Exchange. Additional closings and cash payments of C$100,000 and C$25,000 will be due and payable following the exercise of separate third-party option agreements, the issuance of the Winston Lake and Norbec & Millenbach royalties to FQM, and the assignment of the Winston Lake and Norbec & Millenbach royalties to Vox. The Transaction is subject to the final acceptance of the TSX Venture Exchange, which the Company expects will be delivered during Q4 2022.