TORONTO, June 8, 2022 /CNW/ – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Voice“or the”Company“), a return-focused precious metals royalty company, received an application from OTC Markets Group Inc. (“OTC markets“) to issue a statement about recent promotional activities regarding its common stock (the “Ordinary actions“).
On June 6, 2022OTC Markets has informed the Company that it has become aware of certain promotional activities regarding the Company and common stock traded on the OTCQX market, including the distribution of two promotional emails issued by GRA Enterprises LLC (“GRA“) via 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 posts also contained press release summaries recent press releases published by Vox.OTC Markets has provided examples of the promotional material for your reference.
GRA is a third-party marketing company retained by the Company to provide communications and media services. Each of the newsletters presented factual statements about the Company, its business and its industry.
The Society has provided GRA with publicly available source information for the newsletters and has retained editorial control over the wording of materials, including reviewing materials for factual accuracy before they are released. The Company does not believe that the statements in the newsletters were false or misleading. The appointment of GRA, the nature of the relationship between Vox and GRA and the compensation to be paid to GRA were made public in a press release on June 6, 2022that 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 agreed to with Vox in its consulting agreement dated June 3, 2022neither GRA nor any of its officers currently owns any securities, directly or indirectly, of the Company, nor does it currently intend to acquire any securities of the Company.
In addition, the Company understands that this promotional activity may have coincided with an increase in Common Share trading activity from the June 6, 2022. The Company does not believe that promotional activities played a role in the increased trading volume of the Common Shares. Rather, the Company attributes the increase in transaction volume to the recent royalty acquisitions announced by the Company on June 6, 2022 and May 26, 2022as well as the announcement of a significant increase in 2022 revenue guidance on May 26, 2022which investors can find under the Company’s profile on SEDAR and on the Company’s website.
Over the past 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 ensure relationships with investors, public relations services, marketing, market making or other related services, details of which have been publicly disclosed in press releases issued by Vox on June 6, 2022, February 24, 2022, June 30, 2021, April 26, 2021, September 23, 2020 and August 28, 2020respectively.
After investigation by management, no executive officer or director of the Company has sold or purchased shares of the Company during the past 90 days. To the knowledge of the Company, no majority shareholder or third-party service provider has sold or purchased shares of the Company in the last 90 days.
OTC Markets has further requested the Company to disclose whether it has issued shares or convertible instruments permitting conversion into equity securities at prices representing a discount to the prevailing market rate at the time of issuance. Since the common shares of Vox 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 for partial or full consideration to sellers of Royalty Assets upon the completion of “accelerated acquisitions” in accordance with the policies of the TSX Venture Exchange . In some cases, the delay between signing a binding agreement and completing/closing it may result in certain securities being issued at a slight discount to the market rate at the time of issuance. as the share price is determined based on the agreement and the announcement date (rather than the issue date) in accordance with the policies of the TSX Venture Exchange. Please refer to the Company’s SEDAR profile for more information on the Company’s past royalty acquisitions.
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 a unique intellectual property, technically-focused transactional team and global sourcing network that has enabled Vox to target the highest risk-adjusted returns in the industry. mining royalties. Since the start of 2020, Vox has announced over 20 separate transactions to acquire over 45 royalties.
Further information about Vox can be found at www.voxroyalty.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Vox Royalty Corp.
Show original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/08/c9292.html