Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 122

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 122
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 the year ended September 30, 2022.
On July 5, 2022, the Company issued56,757 GRC Shares with fair value of $124 to service providers for the provision of marketing services. The Company amortized the prepaid service fee over the term of the agreement and recognized $61, $32 and $31 as share-based compensation expense for the year ended December 31, 2023, the three months ended December 31, 2022, and the year ended September 30, 2022, respectively.
On September 27, 2022, the Company issued9,393,681 GRC Shares to acquire a portfolio of royalties from Nevada Gold Mines LLC.
During the year ended September 30, 2022, the Company issued402,938 GRC Shares in exchange for the exercise of1,644,649 warrants to purchase GRC Shares that were issued to the holders of the warrants of Ely Gold Royalties Inc. (" Ely Warrants") and received gross proceeds of $856.
During the year ended December 31, 2023, the Company issued162,967 GRC shares in satisfaction of the dividend reinvestment plan and496,785 GRC Shares to acquire a portfolio of royalties from SOQUEM.
On June 4, 2024, the Company issued2,906,977 GRC Shares in satisfaction of the acquisition of the Vareš Copper Stream (Note 4). The Company incurred issuance costs of $31 and recognized a corresponding deferred tax recovery of $8.
On May 31, 2024, the Company completed a public offering of units ("Unit") of the Company (the " Offering"). Pursuant to the Offering, the Company issued, on a bought deal basis,20,058,300 Units, including2,616,300 Units pursuant to the full exercise of the over-allotment option, at a price of $1.72 per Unit for aggregate gross proceeds of $34,500 and incurred issuance costs of $2,264. A corresponding deferred tax recovery of $680 was recognized in connection with these issuance costs. Each Unit consists of one GRC Share and Warrant. Each Warrant is exercisable to acquire one GRC Share for a period of thirty-six months after closing at an exercise price of $2.25. The proceeds were used to fund the acquisition of the Vareš Copper Stream.
During the year ended December 31, 2024, the Company issue d1,546,