Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026487
Chunk: 38

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 38
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 to ● additional common shares to cover over-allotments, if any, and for related market stabilization purposes. The Underwriters’ over-allotment option may be exercisable by the Underwriters to acquire such additional common shares at a price equal to the offering price per common share, less the underwriting discounts and commissions, set forth on the cover page of this prospectus supplement. If any additional common shares are purchased pursuant to this option, the Underwriters will offer these additional common shares on the same terms as those on which the other common shares are being offered hereby.

If the over-allotment option is exercised in full, the total price to the public will be $●, the total underwriting discounts and commissions will be $●, and the net proceeds to us (before payment of the expenses of this offering) will be $●. This prospectus supplement also qualifies the grant of the over-allotment option and the distribution of the additional common shares to be sold upon exercise of the over-allotment option. A purchaser who acquires common shares forming part of the Underwriters’ over-allocation position acquires those securities under this prospectus supplement, regardless of whether the overallocation position is ultimately filled through the exercise of the over-allotment option or secondary market purchases.

This summary of the material provisions of the Underwriting Agreement does not purport to be a complete statement of its terms and conditions. A copy of the Underwriting Agreement will be filed as an exhibit to a Report on Form 6-K filed under the Exchange Act and incorporated by reference in the registration statement on Form F-3 of which this prospectus supplement forms a part.

Commissions and Discounts

The Underwriters have advised us that they propose to offer the common shares to the public initially at the public offering price set forth on the cover page of this prospectus supplement and to dealers at that price less a concession not in excess of $● per share. After the Underwriters have made a reasonable effort to sell all of the common shares at the public offering price set forth on the cover page of this prospectus supplement, the public offering price may be decreased. The sale by the Underwriters of common shares at a price less than the offering price will have the effect of reducing the compensation realized by the Underwriters by the amount that the aggregate price paid by the purchasers for the common shares is less than the gross proceeds paid by the Underwriters for the common shares. No such reduction will change the amount of proceeds to be received by us as set forth on