• DEALS

    Search by

Vox Royalty closes US$55 million equity offering to fund Deterra Portfolio acquisition

Vox Royalty Corp. announced on September 24, 2025, the launch of a public offering initially comprising 14,865,000 common shares at US$3.70 per share, for gross proceeds of approximately US$55 million. The offering closed on September 26, 2025, with the company ultimately issuing 17,094,750 common shares (including the full exercise of a 15% over-allotment option), raising total gross proceeds of approximately US$63.25 million (about C$87,400,000). The shares are listed on the Nasdaq Capital Market under “VOXR” and are conditionally approved for listing on the Toronto Stock Exchange.

The offering was conducted through a syndicate of underwriters co-led by BMO Capital Markets, Cantor Fitzgerald Canada Corporation, and National Bank Financial Inc. Proceeds will primarily fund Vox’s acquisition of a global gold portfolio from subsidiaries of Deterra Royalties Limited. This portfolio includes ten gold offtake and royalty assets across twelve mines and projects in eight countries, with a total consideration of approximately US$57.5 million upfront and US$2.5 million in deferred contingent payments.

All conditions for the acquisition have been satisfied, and the transaction is expected to close immediately following the offering. Legal counsel included McCarthy Tétrault LLP and Dorsey & Whitney LLP for Vox, and Borden Ladner Gervais LLP and Ellenoff Grossman & Schole LLP for the underwriters.

Company

Vox Royalty Corp.

Law Firm / Organization
McCarthy Tétrault LLP
Law Firm / Organization
Dorsey & Whitney LLP

Bank

BMO Nesbitt Burns Inc

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)
Law Firm / Organization
Ellenoff Grossman & Schole LLP

Company

Cantor Fitzgerald Canada Corporation

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)
Law Firm / Organization
Ellenoff Grossman & Schole LLP

Bank

National Bank Financial Inc.

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)
Law Firm / Organization
Ellenoff Grossman & Schole LLP
Public/Private Offering
Mining
$ 76,076,100
Closed
26 September 2025