Vox Royalty Corp. (TSX-V: VOX) is pleased to announce its operating and financial results for the quarter and year ended December 31, 2020. All amounts are in U.S. dollars unless otherwise indicated.
Kyle Floyd, Chief Executive Officer stated: “The Company’s significant achievements in 2020 have paved the way for another strong year for Vox investors in 2021. Vox started 2020 with one producing royalty, adding three further producing royalties through acquisitions and is now expected to finish 2021 with over seven producing royalties. This growth in producing royalties is expected to increase our annual royalty revenues by approximately C$2 million from 2020 to 2021. Our 40 operating partners continue to actively progress our exploration and development royalties towards production, which will support Vox’s growth into 2022 and beyond.”
Full Year 2020 Highlights
Fourth Quarter 2020 Highlights
For complete details, please refer to the Consolidated Financial Statements and associated Management Discussion and Analysis for the quarter and year ended December 31, 2020, available on SEDAR (www.sedar.com) or on the Company’s website (www.voxroyalty.com).
2021 Outlook – Production Stage Assets
Based on operator guidance, Vox expects to increase its producing royalty asset count within its existing portfolio from four to seven, including:
The Company announces that it has retained the services of Generation IACP Inc. for market-making services in accordance with TSXV policies.
For the purposes of assisting in maintaining an active and orderly trading in the market of the Company’s securities, GIACP has been engaged on an arm’s-length basis to contribute to market liquidity and depth. In consideration for the services provided, the Company will pay a monthly fee of C$7,500 in advance out of its cash on hand for an initial six-month term, and such term will automatically renew for subsequent three-month periods unless the Company provides written notice of termination to GIACP at least 30 days’ prior to end of the term. GIACP will not receive any shares or options as compensation for the arrangement and does not hold any interest, directly or indirectly, in Vox or its securities. GIACP is a registered dealer regulated by the Investment Industry Regulatory Organization of Canada and its head office is located at 22 St. Clair Avenue East, 18th Floor, Toronto, ON, M4T 2S3.
Timothy J. Strong, MIMMM, of Kangari Consulting Limited and a “Qualified Person” under NI 43-101, has reviewed and approved the scientific and technical disclosure contained in this press release.
Vox is a growth precious metals royalty and streaming company with a portfolio of 50 royalties and streams spanning nine jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.
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We acknowledge the [financial] support of the Government of Canada.