Vox Royalty's Landmark Acquisition: A New Era in Gold Royalties and Strategic Growth

Vox Royalty Corp. (TSX: VOX) has announced a groundbreaking agreement to acquire a 'transformational' global gold royalty portfolio from a major private investment fund for a staggering US$230 million. This monumental deal, which includes US$220 million in cash and US$10 million in Vox common shares, is poised to reshape Vox's market position, significantly bolstering its asset base and financial flexibility.

The newly acquired portfolio is a treasure trove of mineral rights, comprising 10 existing royalties on producing mines, 7 royalties on mines in various stages of development, and an impressive 37 royalties on exploration-stage projects.

This strategic move is expected to immediately enhance Vox's Net Asset Value (NAV) and cash flow per share, while doubling its count of producing royalty assets. Crucially, it introduces substantial long-life gold exposure, diversifying the company's portfolio and solidifying its presence in the global resources sector.

Key assets within this portfolio include royalties on the Segilola gold mine in Nigeria, a significant African operation, and the Janet Ivy gold mine in Australia, a region renowned for its prolific gold production.

These additions are not merely numbers; they represent high-quality, geographically diverse assets that are set to contribute meaningfully to Vox's revenue streams and growth trajectory for years to come.

To finance this ambitious acquisition, Vox is executing a multi-pronged financial strategy.

The company has successfully upsized its previously announced overnight marketed offering of common shares from US$100 million to approximately US$130 million. This offering, led by BMO Capital Markets as the sole book-runner, underscores strong investor confidence in Vox's growth prospects and the value proposition of this acquisition.

Further enhancing its financial firepower, Vox has concurrently expanded its revolving credit facility (RCF) with Macquarie Bank Limited.

The RCF has seen a substantial increase from US$25 million to a robust US$75 million, providing Vox with greater liquidity and operational flexibility. This expanded facility, combined with the proceeds from the common share offering, ensures that Vox is well-capitalized to complete the acquisition and pursue future growth opportunities.

Kyle Spencer, Chief Executive Officer of Vox, emphasized the strategic importance of this acquisition, stating, "This is a truly transformational acquisition for Vox, significantly scaling our gold royalty portfolio and enhancing our position as a leading royalty company.

The immediate accretion to our NAV and cash flow per share, coupled with the strong institutional support for our financing, positions us for continued success." Riaan Esterhuizen, Chief Investment Officer, echoed this sentiment, highlighting the quality and diversification this portfolio brings to Vox's already robust asset base.

The acquisition also brings a prestigious advisory team to the forefront, with BMO Capital Markets and Macquarie Capital serving as financial advisors to Vox.

Legal counsel is being provided by Stikeman Elliott LLP and Dorsey & Whitney LLP. This caliber of professional support further validates the strategic significance and execution excellence of this landmark transaction.

With this acquisition, Vox Royalty Corp. is not just expanding its portfolio; it is strategically positioning itself for a new era of accelerated growth, enhanced financial strength, and increased shareholder value, cementing its status as a dynamic player in the global royalty and streaming sector.