Vox Royalty Corp (NASDAQ:VOXR) announced that its subsidiary, Vox Australia, has been served with a legal complaint in the Supreme Court of Western Australia. The lawsuit stems from Vox Australia's September 2023 acquisition of the Red Hill royalty, which was part of a larger A$6.75 million portfolio purchase of nine royalties. The plaintiff claims they had a right of first refusal on the Red Hill royalty and alleges the first defendant breached obligations during the assignment to Vox. The plaintiff seeks either declaratory relief regarding the assignment or damages. Vox maintains that the claimed right of first refusal was not applicable and plans to defend against the legal action.
Vox Royalty Corp (NASDAQ:VOXR) ha annunciato che la sua controllata, Vox Australia, 猫 stata citata in giudizio presso la Corte Suprema dell'Australia Occidentale. La causa deriva dall'acquisizione, avvenuta a settembre 2023, della royalty Red Hill da parte di Vox Australia, parte di un portafoglio pi霉 ampio del valore di 6,75 milioni di dollari australiani comprendente nove royalty. Il querelante sostiene di avere un diritto di prelazione sulla royalty Red Hill e accusa il primo imputato di aver violato obblighi durante il trasferimento a Vox. Il querelante richiede o un pronunciamento dichiarativo riguardo al trasferimento o un risarcimento danni. Vox sostiene che il presunto diritto di prelazione non fosse applicabile e intende difendersi dall'azione legale.
Vox Royalty Corp (NASDAQ:VOXR) anunci贸 que su subsidiaria, Vox Australia, ha sido demandada en la Corte Suprema de Australia Occidental. La demanda surge de la adquisici贸n en septiembre de 2023 de la regal铆a Red Hill por parte de Vox Australia, que formaba parte de una compra de cartera m谩s amplia por 6,75 millones de d贸lares australianos que inclu铆a nueve regal铆as. El demandante afirma tener un derecho de tanteo sobre la regal铆a Red Hill y alega que el primer demandado incumpli贸 obligaciones durante la cesi贸n a Vox. El demandante busca una declaraci贸n judicial sobre la cesi贸n o una indemnizaci贸n. Vox sostiene que el derecho de tanteo reclamado no era aplicable y planea defenderse en el proceso legal.
Vox Royalty Corp (NASDAQ:VOXR) a annonc茅 que sa filiale, Vox Australia, a 茅t茅 assign茅e en justice devant la Cour supr锚me d'Australie-Occidentale. Le proc猫s d茅coule de l'acquisition par Vox Australia en septembre 2023 de la redevance Red Hill, qui faisait partie d'un portefeuille plus vaste d'une valeur de 6,75 millions de dollars australiens comprenant neuf redevances. Le plaignant affirme disposer d'un droit de premier refus sur la redevance Red Hill et all猫gue que le premier d茅fendeur a manqu茅 脿 ses obligations lors de la cession 脿 Vox. Le plaignant demande soit une d茅cision d茅claratoire concernant la cession, soit des dommages-int茅r锚ts. Vox maintient que le droit de premier refus revendiqu茅 n'茅tait pas applicable et pr茅voit de se d茅fendre contre cette action en justice.
Vox Royalty Corp (NASDAQ:VOXR) gab bekannt, dass seine Tochtergesellschaft Vox Australia vor dem Obersten Gerichtshof von Westaustralien verklagt wurde. Die Klage resultiert aus dem Erwerb der Red Hill-Royalty durch Vox Australia im September 2023, welche Teil eines gr枚脽eren Portfolios im Wert von 6,75 Millionen australischen Dollar war, das neun Royalties umfasste. Der Kl盲ger behauptet, ein Vorkaufsrecht auf die Red Hill-Royalty gehabt zu haben, und wirft dem ersten Beklagten vor, w盲hrend der Abtretung an Vox Verpflichtungen verletzt zu haben. Der Kl盲ger fordert entweder eine Feststellung zur Abtretung oder Schadensersatz. Vox h盲lt das geltend gemachte Vorkaufsrecht f眉r nicht anwendbar und plant, sich gegen die Klage zu verteidigen.
Positive
None.
Negative
Legal action against subsidiary Vox Australia could result in loss of Red Hill royalty asset or financial damages
Potential legal costs and management distraction from defending the lawsuit
Risk of transaction reversal for Red Hill royalty acquisition
DENVER, CO / / June 4, 2025 / Vox Royalty Corp. ()() ("Vox" or the "Company") reports that its wholly-owned subsidiary, Vox Royalty Australia Pty Ltd ("Vox Australia"), has been served with a Writ of Summons and Statement of Claim that has been commenced in the Supreme Court of Western Australia pursuant to which Vox Australia has been named as a second defendant.
The plaintiff alleges, among other things, that the first defendant breached its obligations to the plaintiff in connection with the assignment of the Red Hill royalty to Vox Australia in September 2023 on the basis that the plaintiff had a right of first refusal. The plaintiff is seeking declaratory relief in respect of the assignment of the first defendant's royalty to Vox Australia, or alternatively, damages. Vox Australia acquired the Red Hill royalty as part of a portfolio of nine royalties from the first defendant for a combination of A$6,750,000 in cash and non-cash consideration comprised of Vox providing ongoing royalty related services to the first defendant.
Vox's position is that the purported right of first refusal did not apply in the circumstances, and will take all appropriate steps to defend the action.
About Vox
Vox is a returns focused mining royalty company with a portfolio of over 60 royalties spanning six 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 Vox to target the highest returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox has announced over 30 separate transactions to acquire over 65 royalties.
Cautionary Note Regarding Forward-Looking Statements and Forward-Looking Information
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. 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, intentions of Vox and its affiliates to defend the statement of claim received.
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. See the section entitled "Risk Factors" in Vox's annual information form for the financial year ended December 31, 2024 available at and the SEC's website at (as part of Vox's Form 40-F).
None of the TSX, its Regulation Services Provider (as that term is defined in policies of the TSX) or The Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release.
SOURCE: Vox Royalty Corp.
View the original on ACCESS Newswire
FAQ
What is the lawsuit against Vox Royalty (VOXR) about?
The lawsuit claims Vox Australia improperly acquired the Red Hill royalty in September 2023, allegedly violating the plaintiff's right of first refusal on the asset.
How much did Vox Royalty (VOXR) pay for the Red Hill royalty portfolio?
Vox paid A$6,750,000 in cash and non-cash consideration, which included ongoing royalty related services, for a portfolio of nine royalties including Red Hill.
What legal relief is being sought against Vox Royalty (VOXR)?
The plaintiff is seeking either declaratory relief regarding the Red Hill royalty assignment or damages from the Supreme Court of Western Australia.
How is Vox Royalty (VOXR) responding to the lawsuit?
Vox maintains that the claimed right of first refusal did not apply and states it will take all appropriate steps to defend against the legal action.
When did Vox Royalty (VOXR) acquire the disputed Red Hill royalty?
Vox Australia acquired the Red Hill royalty in September 2023 as part of a larger portfolio of nine royalties.
An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, to receive support.