Vox Royalty Australia served with Writ of Summons and Statement of Claim

Vox Royalty (VOXR) reports that its wholly-owned subsidiary, Vox Royalty 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.