My Take on the Private PlacementNobody likes dilution, but this offering seems like a reasonable trade off for what VOX will get in return. Sounds like they have a sizable number of deals lined up and a few of them for producing or development assets. They estimate $3 million to $7 million of revenue by 2023, and some larger deals in the works, too -- in the $2 million to $4 million range.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2791-tsx-venture/vox/95519-vox-confirms-pricing-of-c-15-million-overnight-marketed-public-offering-and-provides-2021-deal-flow-update.html
If the entire overallotment is exercised, we'll see 5.75 million more shares issued, plus 2.875 million warrants at 50% higher than PP price -- which I think is reasonable. I can't see the warrants exercised until the price hits at least $5.00/share.
Lots of reasons to continue owning VOX.