VOX to sell x2 graphite royalties
Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) revealed that it has struck a non-binding letter of intent with Electric Royalties Ltd (CVE:ELEC) (OTCMKTS:ELECF) for it to acquire a portfolio of two graphite royalties from Vox. The rapidly growing Toronto-based royalty company with a portfolio already spanning several continents, said the graphite portfolio consists of a 2.5% gross concentrate sales royalty on graphite production at the Graphmada Graphite Mining Complex in Madagascar; and a 0.75% gross revenue royalty on the Yalbra graphite exploration project in Western Australia. "The total consideration for the transaction is C$2,850,000 in shares of Electric Royalties and a C$50,000 cash non-refundable exclusivity payment," said the company.
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