TORONTO, June 8, 2022
/CNW/ - Vox Royalty Corp. (TSXV: VOX) (OTCQX:
VOXCF) ("Vox" or the "Company"), a returns
focused precious metals royalty company, has received a request
from OTC Markets Group Inc. ("OTC Markets") to issue a
statement about recent promotional activity concerning its common
shares (the "Common Shares").
On June 6, 2022, OTC Markets
informed the Company that it became aware of certain promotional
activities concerning the Company and the Common Shares traded on
the OTCQX Marketplace, including the distribution of two
promotional newsletter e-mails published by GRA Enterprises LLC
("GRA") through its domain and trade name (National
Inflation Association or inflation.us) discussing the Company, its
royalty assets and other publicly traded mining royalty companies
generally. The publications also contained summaries of recent news
releases issued by Vox. OTC Markets provided examples of the
promotional material for reference.
GRA is a third-party marketing firm retained by the Company to
provide communications and media services. Each of the newsletters
presented factual statements regarding the Company, its business
and industry.
The Company provided GRA with publicly available source
information for the newsletters and retained editorial control over
the wording in the materials, including reviewing the materials for
factual accuracy prior to their dissemination. The Company does not
believe the statements in the newsletters were false or misleading.
The appointment of GRA, the nature of the relationship between Vox
and GRA as well as the compensation to be paid to GRA was publicly
disclosed in a news release on June 6,
2022, which can be found under the Company's profile on
SEDAR and on the Company's website, as well as in each of the
newsletters.
As represented and covenanted to Vox in its consulting agreement
dated June 3, 2022, neither GRA nor
any of its principals currently own any securities, directly or
indirectly, of the Company nor have any current intention to
acquire any securities of the Company.
Further, the Company understands this promotional activity may
have coincided with increased trading activity in the Common Shares
beginning on June 6, 2022. The
Company does not believe the promotional activities were a factor
in any increase in trading volume in the Common Shares. Rather, the
Company attributes the increase in trading volume to recent royalty
acquisitions announced by the Company on June 6, 2022 and May 26,
2022, as well as the announcement of significantly increased
2022 revenue guidance on May 26,
2022, which investors can find under the Company's profile
on SEDAR and on the Company's website.
In the last 12 months, the Company has worked with GRA,
Stockhouse Publishing Ltd., Rose & Company, Generation IACP
Inc., Proactive Investors North America Inc. and Independent
Trading Group (ITG), Inc. to provide investor relations, public
relations services, marketing, market-making or other related
services, details of which have been publicly disclosed in news
releases issued by Vox on June 6,
2022, February 24, 2022,
June 30, 2021, April 26, 2021, September
23, 2020 and August 28, 2020,
respectively.
After an inquiry by management, none of the Company's executive
officers or directors have sold or purchased shares of the Company
within the past 90 days. To the knowledge of the Company, no
controlling shareholders or third-party service providers have sold
or purchased shares of the Company within the past 90 days.
The OTC Markets has further requested that the Company state
whether it has issued any shares or convertible instruments
allowing conversion to equity securities at prices constituting a
discount to the current market rate at the time of the issuance.
Since Vox's Common Shares were listed on the TSX Venture Exchange
on May 19, 2020, as disclosed in its
public filings on SEDAR, the Company has periodically issued Common
Shares as partial or complete consideration to vendors of royalty
assets when completing "Expedited Acquisitions" pursuant to TSX
Venture Exchange policies. In some cases, the delay between signing
of a binding agreement and the completion/closing thereof may
result in certain securities being issued at a small discount to
the market rate at the time of issuance, as pricing of the shares
is determined based on the agreement and announcement date (rather
than the issue date) in accordance with TSX Venture Exchange
policies. Please refer to the Company's SEDAR profile for
additional information on the Company's past royalty
acquisitions.
About Vox
Vox is a returns focused precious metals royalty company with a
portfolio of over 50 royalties and streams spanning eight
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 target the highest risk-adjusted returns in the mining
royalty sector. Since the beginning of 2020, Vox has announced over
20 separate transactions to acquire over 45 royalties.
Further information on Vox can be found at www.voxroyalty.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Vox Royalty Corp.