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Vox Royalty Down 3.6% In US Premarket As Prices US$55 Million Underwritten Public Offer of Common Shares
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Vox Royalty Down 3.6% In US Premarket As Prices US$55 Million Underwritten Public Offer of Common Shares
Sep 24, 2025 6:39 AM

09:28 AM EDT, 09/24/2025 (MT Newswires) -- Vox Royalty Corp. ( VOXR ) , a returns focused mining royalty and streaming company, was at last look down 3.6% in US premarket trade Wednesday as it confirmed pricing of its prior announced public offer of common shares of the company at an offering price of US$3.70 per share.

A statement noted the offering is expected to close on or about September 26, 2025, subject to customary closing conditions and the receipt of regulatory approvals, including the approval of the Toronto Stock Exchange and the Nasdaq Capital Markets.

In connection with the offering, Vox entered into an agreement with a group of underwriters that agreed to purchase 14.865 million common shares from Vox for total gross proceeds of $55 million. Vox granted the underwriters an over-allotment option to purchase up to an additional 2,229,750 common shares at the offer price for a period of 30 days following and including the closing date.

Vox said it intends to use the net proceeds from the offer, subject to certain conditions precedent being satisfied or waived by the parties, to fund the acquisition of a global gold portfolio in 10 gold offtake and royalty assets, covering 12 mines and projects across eight jurisdictions, including Australia, Brazil, Canada, Cote d'Ivoire, Mali, Mexico, South Africa and the United States from certain subsidiaries of Deterra Royalties Limited, as announced on September 23, 2025. If Vox uses less than the full amount of the net proceeds from the offering to purchase the portfolio, the company will reallocate those funds to the acquisition of additional royalties over the next 12-24 months.

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