Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 126

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 126
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21,374
Share-based compensation - share options - 845 - 845
Share-based compensation - RSUs - 201 - 201
Balance at December 31, 2022 8,292 14,128 - 22,420
Vesting of RSUs - ( 826) - ( 826)
Exercise of share options - Golden Valley Abitibi Royalties Ltd - ( 1,823) - ( 1,823)
Convertible debentures:
Equity component of convertible debentures issued for cash, net of taxes - - 12,270 12,270
Transaction fees and issuance costs - - ( 538) ( 538)
Share-based compensation - share options - 1,405 - 1,405
Share-based compensation - RSUs - 1,318 - 1,318
Balance at December 31, 2023 8,292 14,202 11,732 34,226
Vesting of RSUs - ( 1,551) - ( 1,551)
Exercise of share options - Golden Valley Abitibi Royalties Ltd - ( 301) - ( 301)
Bought deal offering:
Warrants issued for cash 1,003 - - 1,003
Share-based compensation - share options - 434 - 434
Share-based compensation - RSUs - 1,873 - 1,873
Balance at December 31, 2024 9,295 14,657 11,732 35,684
Common Share Purchase Warrants
On March 11 and 12, 2021, the Company issued a total of10,350,000 common share purchase warrants at an exercise price of $7.50 per share which expired during the year ended December 31, 2024.
As at December 31, 2024, December 31, 2023, December 31, 2022, and September 30, 2022, there were2,430,000,2,430,000,11,518,252, and13,518,252 Ely Warrants, respectively, outstanding which are exercisable into595,350,595,350,2,821,971, and3,311,971 GRC Shares, respectively, based on a0.2450 exchange ratio. As atDecember 31, 2024, December 31, 2023, December 31, 202