Vox Royalty Corp. (CVE:VOX) has announced a meeting of holders of its common share purchase warrants expiring May 14, 2022, will be held to seek approval of a certain extraordinary resolution to amend the warrants.
Vox Royalty is looking to (a) remove the compulsory call option held by the company, and (b) in conjunction with the foregoing, extend the term of the warrants by 12 months such that the warrants will expire on May 14, 2023.
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The warrants were issued in conjunction with a private placement offering in May 2020 and have an exercise price of $4.50 per share, subject to adjustment. As of the current date, there are 2,289,667 warrants outstanding.
The warrant holders meeting is expected to be held on February 3, 2021. The proposed amendments must be approved by an extraordinary resolution which requires an affirmative vote of not less than 66-2/3% of the votes cast at the meeting. Each warrant is entitled to one vote.
Additional details regarding the meeting and the proposed resolutions are included in a management information circular that has been mailed to warrant holders on January 8, 2021.
Vox is a high growth precious metals royalty and streaming company with a portfolio of over 45 royalties and streams spanning nine 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 it to become the fastest-growing company in the royalty sector.
Since the beginning of 2019, Vox has announced over 15 separate transactions to acquire over 40 royalties.
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