TORONTO, Sept. 10, 2020 /CNW/ - Vox Royalty
Corp. (TSXV: VOX) ("Vox" or the "Company") is
pleased to announce that it has completed the acquisition of the
Segilola gold royalty covering Thor Exploration Ltd.'s
("Thor") Segilola Gold Mine (the "Royalty"), as
announced in the Vox press release dated July 10, 2020.
On the mutual agreement of the parties and to simplify the
completion process, the seller was paid C$900,000 in cash consideration (rather than a
combination of cash and Vox shares) from current cash on hand. For
additional information on the transaction, please refer to Vox's
news release dated July 10, 2020,
available at www.voxroyalty.com.
About Segilola Gold Mine
Segilola is in the state of Osun in Nigeria, approximately 120km northeast of
Lagos. According to the public
disclosure record of Thor, construction commenced in February 2020 and first gold production is
scheduled for Q2 2021. The deposit hosts open pit probable gold
reserves of 405,000oz @ 4.2g/t (at 0.77g/t cut-off, resource
estimate dated 04 Feb 2019). A 2019
Definitive Feasibility Study completed on 04
Feb 2019 outlines production estimates averaging 80,000oz of
gold per annum over an initial 5-year mine life. For more
information on Segilola, please visit the Thor website at
https://www.thorexpl.com/.
Qualified Person
Timothy J. Strong, MIMMM, of
Kangari Consulting Limited and a "Qualified Person" under National
Instrument 43-101 – Standards of Disclosure for Mineral
Projects, has reviewed and approved the scientific and
technical disclosure contained in this press release.
About Vox
Vox is a high growth precious metals royalty and streaming
company with a portfolio of over 40 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
us to become the fastest growing royalty company in the sector.
Since the beginning of 2019 Vox has announced over 15 separate
transactions to acquire over 35 royalties.
Further information on Vox can be found at
www.voxroyalty.com.
Technical and Third-Party Information
Except where otherwise stated, the disclosure in this press
release relating to the Segilola Gold Mine is based on information
publicly disclosed by Thor and based on the information and data
available in the public domain as at the date hereof. None of such
information or data has been independently verified by Vox.
Specifically, as a royalty investor, Vox has limited, if any,
access to the Segilola Gold Mine. Although Vox does not have any
knowledge that such information may not be accurate, there can be
no assurance that such information from Thor is complete or
accurate.
Cautionary Note Regarding Forward Looking Information
This news release contains certain forward-looking
statements. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects" or "does not
expect", "is expected", "anticipates" or "does not anticipate"
"plans", "estimates" or "intends" or stating that certain actions,
events or results " may", "could", "would", "might" or "will" be
taken, occur or be achieved) are not statements of historical fact
and may be "forward-looking statements". Forward-looking
statements are subject to a variety of risks and uncertainties
which could cause actual events or results to materially differ
from those reflected in the forward-looking statements.
The forward-looking statements and information in this press
release include, but are not limited to, information relating to
the transaction including details on the Royalty. Such statements
and information reflect the current view of Vox. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause Vox's actual
results, performance or achievements or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements.
Should one or more of these risks, uncertainties or other
factors materialize, or should assumptions underlying the
forward-looking information or statement prove incorrect, actual
results may vary materially from those described herein as
intended, planned, anticipated, believed, estimated or expected.
Vox cautions that the foregoing list of material factors is not
exhaustive. When relying on the Company's forward-looking
statements and information to make decisions, investors and others
should carefully consider the foregoing factors and other
uncertainties and potential events.
Vox has assumed that the material factors referred to in the
previous paragraph will not cause such forward looking statements
and information to differ materially from actual results or events.
However, the list of these factors is not exhaustive and is subject
to change and there can be no assurance that such assumptions will
reflect the actual outcome of such items or factors. The
forward-looking information contained in this press release
represents the expectations of Vox as of the date of this press
release and, accordingly, is subject to change after such date.
Readers should not place undue importance on forward looking
information and should not rely upon this information as of any
other date. While Vox may elect to, it does not undertake to update
this information at any particular time except as required in
accordance with applicable laws.
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.