Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026487
Chunk: 42

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 42
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 and, if commenced, may be discontinued at any time.

Electronic Distribution

Subscriptions for the common shares will be received subject to rejection or allotment in whole or in part and the right is reserved to close the subscription books at any time without notice. It is anticipated that the common shares will be delivered through the facilities of the CDS Clearing and Depository Services Inc. (“ CDS”) and/or Depository Trust Company (“ DTC”) on the closing date of this offering (the “ Closing Date”). It is expected that the Company will arrange for the instant deposit of the common shares under the book-based system of registration, to be 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.

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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