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Vox Royalties' snaps up Bushvelds' Brits Vanadium Project as second acquisition this month

Proactive London's Ryan Long explains the strategy behind Vox Royalties' (CVE:VOX) acquiring royalty on Bushveld's Brits Vanadium Project.

This is hot on the heels of the acquisition of a portfolio of royalties in North America earlier this month.

The total consideration for the acquisition is US$2mln, of which, an initial payment of US$500,000 in cash and US$250,000 in Vox shares is payable on the closing of the transaction.

The transaction is expected to close in December 2020.

Read Ryan Long's latest update

Quick facts: Vox Royalty

Price: 3.2 CAD

Market: TSX-V
Market Cap: $104.66 m

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Vox Royalty to acquire eight royalties with 'strong cash flow generation...

Vox Royalty Corp. (TSXV: VOX) Executive Vice President Spencer Cole tells Proactive the group is poised to boost its assets with a high-quality North American portfolio comprising eight precious and base metals royalties. Cole says the firm has struck a purchase and sale agreement to buy the...

on 10/11/20

2 min read