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Vox Royalty Announces Changes To Board of Directors
Accessnewswire· 2025-10-16 22:00
Core Insights - Vox Royalty Corp. has announced changes to its Board of Directors, appointing Mr. Luis Azevedo and the departure of Shannon McCrae and Donovan Pollitt [1][2] Company Update - Mr. Azevedo brings over 30 years of experience in the mining sector, particularly in Brazil, and is expected to enhance Vox's global business development efforts [2][3] - The company has a portfolio of over 80 assets across eight jurisdictions and has completed over 30 transactions to acquire more than 70 assets since 2020 [8][9] About Mr. Luis Azevedo - Mr. Azevedo is a mining executive, lawyer, and geologist with a B.Sc. in Geology and a Law Degree, recognized for his expertise in the Brazilian Mining Code [3][7] - He has held executive positions in various mining companies, including Avanco Resources, which was sold for approximately A$418 million in 2018 [5][6] - Azevedo is also a prominent advocate for Brazil's mining sector, leading the Brazilian Mining Prospectors Association and recognized as one of Brazil's top mining figures [7]
Vox Royalty Completes Acquisition of Transformational Global Gold Portfolio
Globenewswire· 2025-09-26 18:15
Core Points - Vox Royalty Corp has completed the acquisition of a global gold portfolio consisting of ten gold offtake and royalty assets, covering twelve mines and projects across eight jurisdictions [1] - The total upfront cash consideration for the acquisition was $57.5 million, with an additional $2.5 million in deferred milestones, fully financed by a public offering of 17,094,750 common shares, generating gross proceeds of $63.25 million [2] Company Overview - Vox is a returns-focused mining royalty and streaming company with a portfolio of over 80 assets across eight jurisdictions, established in 2014 [4] - The company has built unique intellectual property and a technically focused transactional team, allowing it to target high returns on royalty acquisitions in the mining sector [4] - Since the beginning of 2020, Vox has announced over 30 transactions to acquire more than 70 assets [4]
Franco-Nevada Reaches Settlement on Canadian Tax Disputes
Prnewswire· 2025-09-11 21:42
Core Insights - Franco-Nevada Corporation has reached a settlement with the Canada Revenue Agency (CRA) regarding tax disputes related to transfer pricing for the years 2013 to 2019 [1][3][7] - The settlement allows Franco-Nevada to avoid paying taxes in Canada on foreign earnings from its subsidiaries during the specified years [7] - The adjustment in service fees will increase the mark-up on costs from 7-20% to 30%, resulting in an additional taxable income of C$1.4 million [7] Settlement Details - The settlement resolves the tax dispute and provides greater investment certainty for Franco-Nevada's global growth ambitions [3] - Transfer pricing penalties from the reassessments will be reversed, and interest charges will be adjusted accordingly [7] - The settlement is not legally binding for years after 2019, but the established transfer pricing principles are expected to apply unless there are material changes [7] Company Overview - Franco-Nevada is a leading gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets [5] - The company utilizes its free cash flow to expand its portfolio and pay dividends, trading under the symbol FNV on both the Toronto and New York stock exchanges [5] - Over the last 18 months, Franco-Nevada has completed approximately $3 billion in transactions to enhance its asset portfolio [3]