Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 92

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 16G
Chunk 92
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 associated with resolving such matters in other jurisdictions and we may not obtain the benefits of limiting jurisdiction to the courts selected.

If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our share price and trading volume could decline.

The trading market for our common shares will depend on the research and reports that securities or industry analysts publish about us or our business. We do not have any control over these analysts. We cannot assure you that analysts will cover us or provide favorable coverage. If one or more of the analysts who cover us downgrade our stock or change their opinion of our common shares, our share price would likely decline. If one or more of these analysts cease coverage of our Company or fail to regularly publish reports on us, we could lose visibility in the financial markets, which could cause our share price or trading volume to decline.

U. S. holders of our common shares or common share purchase warrants may suffer adverse tax consequences as a result of our passive foreign investment company status.

We expect to be classified as a passive foreign investment company, or PFIC, for U. S. federal income tax purposes. If we are a PFIC for any taxable year during which a U. S. Holder (as defined under "Item 10. Additional Information - E. Taxation - Material U. S. Federal Income Tax Considerations") holds the common shares or common share purchase warrants, it would likely result in adverse U. S. federal income tax consequences for such U. S. Holder. U. S. Holders should carefully read " Item 10. Additional Information - E. Taxation - Material U. S. Federal Income Tax Considerations for United States Holders" for more information and consult their own tax advisors regarding the likelihood and consequences if we are treated as a PFIC for U. S. federal income tax purposes, including the advisability of making a "qualified electing fund" election (including a protective election), which may mitigate certain possible adverse U. S. federal income tax consequences but may result in an inclusion in gross income without receipt of such income.

Item 10. Additional Information – E. Taxation – Material U. S. Federal Income Tax Considerations

") holds the common shares or common share purchase warrants, it would likely result in adverse U. S. federal income tax consequences for such U. S. Holder. U. S. Holders should carefully read "

Item 10. Additional Information - E. Taxation - Material U. S. Federal Income Tax Consider