VOX ACQUIRES PRODUCING WONMUNNA ROYALTY IN WESTERN AUSTRALIA AND PROVIDES 2022 REVENUE GUIDANCE
Channel: RICH TV LIVE
Date: 26/05/2022

VOX ACQUIRES PRODUCING WONMUNNA ROYALTY IN WESTERN AUSTRALIA AND PROVIDES 2022 REVENUE GUIDANCE - RICH TV LIVE - May 26, 2022 - #voxroyaltycorp #news #richtvlive #business #finance #royalties #gold #silver #revenue #interview 

Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (" Vox " or the " Company "), a returns focused precious metals royalty company, is pleased to announce that it has acquired a producing royalty over the Wonmunna iron ore mine in Western Australia (" Wonmunna ") operated by major ASX-listed producer Mineral Resources Limited (ASX: MRL) (" MinRes ").

The royalty was acquired from an arm's length, private company (the " Vendor ") for the following consideration (the " Transaction "): US$4,750,000 in cash, US$12,150,000 in Vox common shares, being 4,350,000 common shares at an issue price of CAD$3.53 per common share and a USD/CAD exchange rate of 1.2618 (the " Vox Shares "), and 3,600,000 common share purchase warrants with an exercise price of CAD$4.50 and an expiry date of March 25, 2024 (the " Vox Warrants "). The cash portion of the purchase price was fully funded by Vox's cash on hand. The definitive agreement was executed by Vox and the Vendor on May 26, 2022 .

The royalty is a 1.25% - 1.50% sliding scale Gross Revenue Royalty (" GRR ") over the Wonmunna mine, with 1.25% GRR payable when benchmark 62% iron ore price is below A$100 /tonne and 1.50% GRR payable when the iron ore price is above A$100 /tonne (the " Royalty "), which covers the full extent of Wonmunna. Wonmunna commenced production in April 2021 and is currently producing at a rate of ~5Mtpa of iron ore, with all approvals received to expand production up to 10Mtpa. Notwithstanding the closing date of the Transaction, all royalty payments due and payable to the holder of the Royalty will be for the benefit of Vox as of April 1, 2022 .

Kyle Floyd , Chief Executive Officer stated: "The Wonmunna royalty acquisition further expands the revenue and growth profile of Vox and is accretive on all key metrics. The opportunity to add significant, immediate, incremental revenue through a non-brokered accretive transaction with a private seller generates significant value for Vox shareholders for years to come. We are also excited to increase our exposure to an A$11 billion market cap, best-in-class operator, who we know well as the operator of our producing Koolyanobbing royalty asset. We are also pleased to share revenue guidance of C$10M – C$12M for 2022, more than double Vox's 2021 realized revenues, which reflects the ongoing embedded growth in Vox's royalty portfolio."

JOIN RICH TV LIVE TRADING CLUB HERE -  http://www.richtv.io 

Subscribe - https://www.youtube.com/c/RICHTVLIVE

Social Media Links - https://linktr.ee/richtvlive

Visit - http://richtv.io/ a community for stocks, cryptocurrency, nfts, metaverse, news, and trending topics. #richtvlive #richtv #richpicksdaily #stocks #business #news #finance #education #entertainment #money #defi #nft #metaverse #trading #stockmarket

Popular Uploads - https://goo.gl/tbvXGg
Most Recent Upload - https://goo.gl/unKXBy
YouTube Channel Page - https://goo.gl/yUdG7w
Subscribe - http://www.youtube.com/c/RICHTVLIVE
Rich TV Live Playlist - https://goo.gl/e116JF
RICH TV LIVE TOP 10 STOCKS Playlist - https://www.youtube.com/playlist?list=PLiBGEhbXkQPCfeYmBKHyXXu8dZc3YkkbW&disable_polymer=true

Disclaimer

RICH TV LIVE INC. company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in RICH TV LIVE reports company profiles or other investor relations materials and presentations are subject to change. RICH TV LIVE and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time. RICH TV LIVE INC. sponsored $2500 CAD for digital video services.

Investing is inherently risky. RICH TV LIVE is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print. 

We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov/Canadian CSA https://www.securities-administrators.ca/.