Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026487
Chunk: 76

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 76
---
anada); and (8) the judgment does not conflict with another final and conclusive judgment in the same cause of action; except that a court in the Province of British Columbia may stay an action to enforce a foreign judgment if an appeal of a judgment is pending or time for appeal has not expired; and except that any court in the Province of British Columbia may give judgment only in Canadian dollars.

We have been advised that there is doubt as to the enforceability in Canada by a court in original actions, or in actions to enforce judgments of U.S. courts, of civil liabilities predicated solely upon the U.S. federal securities laws.

| 15 |

<div align='center'>DESCRIPTION OF SUBSCRIPTION RECEIPTS</div>

We may issue subscription receipts that are exchangeable for our equity securities and/or other securities. The particular terms and provisions of subscription receipts offered by any prospectus supplement, and the extent to which the general terms and provisions described below may apply to them, will be described in the applicable prospectus supplement. This description will include, without limitation, where applicable:

| ● | the                                        
 title and number of subscription receipts; |

| ● | the                                                       
 price at which the subscription receipts will be offered; |

| ● | the                                                                                                           
 currency in which the subscription receipts will be offered and whether the price is payable in installments; |

| ● | the                                                                                   
 period during which and the price at which the subscription receipts will be offered; |

| ● | the                                                                                                                                       
 terms, conditions and procedures for the exchange of the subscription receipts into or for our equity securities and/or other securities; |

| ● | the                                                                                                                        
 circumstances, if any, which will cause the subscription receipts to be deemed to be automatically converted or exchanged; |

| ● | the                                                                                                                                  
 designation, number and terms of our equity securities and/or other securities that may be issued or delivered upon exchange of each 
 subscription receipt;                                                                                                                |

| ● | the                                                                                                                              
 provisions applicable to any escrow of the gross or net proceeds from the sale of the subscription receipts plus any interest or 
 income earned thereon, and for the release of such proceeds from such escrow;                                                    |

| ● | the                                         
 identity of the subscription receipt agent; |

| ● | whether                                                              
 the subscription receipts will be listed on any securities exchange; |

| ● | any                                     
 minimum or maximum subscription amount; |

| ● | whether                                                                      
 the subscription receipts will be issued in fully registered or global form; |

| ● | the