Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 75

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 7
Chunk 75
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,514 common shares and warrants to purchase 26,163 common shares. Does not include 139,351 unvested RSUs.

(10)

Consists of 48,628 common shares and warrants to purchase 11,628 common shares. Does not include 158,112 unvested RSUs.

(11)

Consists of 114,514 common shares, options to purchase 396,754 common shares and warrants to purchase 14,535 common shares. Does not include 208,271 unvested RSUs.

(12)

Consists of 69,034 common shares and options to purchase 328,630 common shares. Does not include 96,681 unvested RSUs.

(13)

Based on a Form 13G filed by GoldMining on February 5, 2024.

(14)

Based on Form 13G/A filed by QRC dated November 14, 2024, and consists of 300,808 common shares beneficially owned and an additional 15,789,473 common shares that the reporting person has a right to acquire upon conversion of Debentures held by them.

(15)

Based on a Form 13G filed jointly by and among ABX Financeco Inc., Barrick Gold Corporation, Barrick Gold Exploration Inc., Barrick Gold Finance Inc., Barrick Gold U. S. Inc., Barrick Goldstrike Mines Inc., Barrick Nevada Holding LLC, Barrick North America Holding Corporation, Barrick Turquoise Ridge Inc. and Nevada Gold Mines LLC, dated October 4, 2022.

The voting rights of our major shareholders do not differ from the voting rights of holders of our shares who are not major shareholders. Each of the above listed securities entitles the holder to one vote at our Company's shareholder meetings.

Changes in Percentage Ownership by Major Shareholders

There were no significant changes in the percentage ownership held by any of our 5% or greater shareholders in the past three years other than as disclosed herein.

GoldMining's percentage ownership has been reduced in the three years ended December 31, 2024, primarily as a result of dilution from shares issued by us to others under offerings and acquisitions. GoldMining's ownership was reduced from approximately 14.72% in March 2022 to 12.63% as of March 20, 2025.

Nevada Gold Mines became a 5% or greater shareholder on September 27, 2022, upon the closing of a transaction pursuant to