Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026487
Chunk: 37

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 37
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 will purchase all of the common shares if any of them are purchased. The obligations of the Underwriters under the Underwriting Agreement may be terminated at their discretion on the basis of “disaster out”, “regulatory out”, “material change out” and “breach out” provisions in the Underwriting Agreement and may also be terminated upon the occurrence of certain other stated events. The Underwriters are, however, obligated to take up and pay for all of the common shares under this offering if any are purchased under the Underwriting Agreement. The offering price was determined by arm’s length negotiation among the Company and the Lead Underwriters, on behalf of the Underwriters, with reference to the prevailing market prices of the common shares. We have agreed to indemnify the Underwriters against certain liabilities, including liabilities under Canadian provincial and territorial securities legislation and under the Securities Act.

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This offering is being made concurrently in the United States and in each of the provinces and territories in Canada, other than Québec and Nunavut. Our common shares will be offered in the United States through those Underwriters who are (or have affiliates that are) registered to offer the common shares for sale in the United States and such other registered dealers as may be designated by the Underwriters. Our common shares will be offered in each of the provinces and territories of Canada, other than Québec and Nunavut, through National Bank Financial Inc. and such other registered dealers as may be designated by the Underwriters. Subject to applicable law, the Underwriters, or such other registered dealers or other entities outside the United States and Canada that are affiliates of the Underwriters as may be designated by the Underwriters, may offer the common shares outside of the United States and Canada. National Bank Financial Inc., RBC and ● are not registered as broker-dealers in the United States and, accordingly, will only sell offered common shares in Canada, and BMO, ● and ● are not registered as investment dealers in any Canadian jurisdiction and, accordingly, will only sell offered common shares in the United States. No common shares will be offered or sold in any jurisdiction except by or through brokers or dealers duly registered under the applicable securities laws of that jurisdiction, or in circumstances where an exemption from such registered dealer requirements is available.

Pursuant to the Underwriting Agreement, we have granted the Underwriters the option, exercisable in whole or in part, in the sole discretion of the Underwriters for a period of 30 days from and including the Closing Date, to purchase up