Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026680
Chunk: 44

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 44
---
 registered to CDS or its nominee, as the case may be, and/or DTC or its nominee, as the case may be, and deposited with CDS or its nominee, as the case may be, and/or DTC or their nominee, as the case may be. A purchaser of common shares will receive only a customer confirmation from the registered dealer through which the common shares are purchased.

It is expected that delivery of the common shares will be made against payment therefor on or about the Closing Date specified on the cover page of this prospectus supplement, which will be three business days following the date of the prospectus supplement (this settlement cycle being referred to as “T+3”). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market are generally required to settle in one business day (this settlement cycle being referred to as “T+1”), unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their common shares prior to the Closing Date will be required, by virtue of the fact that the common shares will not settle in T+1, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of common shares who wish to trade their common shares prior to the Closing Date should consult their own advisors.

Our common shares are listed under the symbol “GROY” on NYSE American, and our Listed Warrants are listed under the symbol “GROY.WS” on NYSE American. We have applied to list the common shares to be issued in this offering on the NYSE American.

| S-26 |

Other Activities and Relationships

The Underwriters and their affiliates may in the future provide various investment banking, commercial banking, financial advisory and other financial services for us and our affiliates, for which services they may in the future receive customary fees. In the course of their business, the Underwriters may actively trade our securities for their own accounts or for the accounts of customers, and, accordingly, the Underwriters may at any time hold long or short positions in such securities.

National Bank of Canada, an affiliate of NBF, and Bank of Montreal, an affiliate of BMO, are the lenders under the Credit Agreement, pursuant to which the lenders thereunder provided the Credit Facility to the Company. The Company may repay the Credit Facility, from time to time, in accordance with the terms of the Credit Agreement, utilizing net proceeds of this offering. Consequently, the Company may be considered a “connected issuer”