# EDGAR Filing Document

**Accession Number:** 0001828613
**File Stem:** 0001477932-23-000169
**Filing Date:** 2023-1
**Character Count:** 17266
**Document Hash:** 50a9574ff5fbe350837f98d094b2b091
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477932-23-000169.hdr.sgml**: 20230109

**ACCESSION NUMBER**: 0001477932-23-000169

**CONFORMED SUBMISSION TYPE**: DEF 14C

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230109

**FILED AS OF DATE**: 20230109

**DATE AS OF CHANGE**: 20230109

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GLOBAL GOLD ROYALTY INC.
- **CENTRAL INDEX KEY:** 0001828613
- **STANDARD INDUSTRIAL CLASSIFICATION:** MINERAL ROYALTY TRADERS [6795]
- **IRS NUMBER:** 842834915
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEF 14C
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56400
- **FILM NUMBER:** 23516390

**BUSINESS ADDRESS:**
- **STREET 1:** 701 NORTH GREEN VALLEY PKWY, SUITE 200
- **CITY:** HENDERSON
- **STATE:** NV
- **ZIP:** 89074
- **BUSINESS PHONE:** 702-354-8751

**MAIL ADDRESS:**
- **STREET 1:** 701 NORTH GREEN VALLEY PKWY, SUITE 200
- **CITY:** HENDERSON
- **STATE:** NV
- **ZIP:** 89074

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRANDED PRODUCTS INC
- **DATE OF NAME CHANGE:** 20201015

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 14C**

**Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934**

Check the appropriate box:

☐ Preliminary Information Statement

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2))

☒ Definitive Information Statement

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| |
|:---|
| **Global Gold Royalty Inc.** |
| (Exact name of registrant as specified in its charter) |

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Payment of Filing Fee (Check the appropriate box):

☒ No fee required.

☐ Fee computed on table below per Exchange Act Rules 14c-5(g) and Rule 0-11(a)(4).

1) Title of each class of securities to which transaction applies:

2) Aggregate number of securities to which transaction applies:

3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):

Total value of shares to be issued: $

Fee per Rule 0-11(a)(4): $

4) Proposed maximum aggregate value of transaction:

Total value of the transaction; $

5) Total fee paid:

☐ Fee paid previously with preliminary materials.

☐ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

1) Amount Previously Paid:

2) Form, Schedule or Registration Statement No.:

3) Filing Party:

4) Date Filed:

The approximate date on which the information statement is first sent or given to security holders is December 16, 2022.

**NOTICE OF ACTION BY**

**WRITTEN CONSENT OF MAJORITY STOCKHOLDERS**

**WE ARE NOT ASKING YOU FOR A PROXY**

**AND YOU ARE REQUESTED NOT TO SEND US A PROXY**

**THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDERS'**

**MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN.**

This Information Statement is being furnished to the stockholders of Global Gold Royalty Inc., a Nevada corporation (the "Company," "we" or "us"), to advise them of the corporate actions that have been authorized by written consent of the Company's stockholders.

On December 16, 2022, in an action without meeting of the Board of Directors taken pursuant to Section 78.320 of Nevada Revised Statutes, the Board of Directors of Global Gold Royalty Inc. authorized a reverse split of all of the issued and outstanding shares of the Common Stock of the company, at a ratio of 1 new share for 4 old shares.

Also on December 16, 2022, the majority shareholders of the corporation consented to the reverse split as authorized by the Board.

In approving the reverse stock split, the Board demonstrates its commitment to grow the Company's operations, to enhance the participation of institutional investors so as to attain a well-balanced shareholder base and to achieve the overall objective of taking the Company to the next level.

The effect of the reverse split is to decrease the number of shares held by each shareholder of Common Stock of the company by a factor of 4 except that any fractional shares will be rounded up to the next whole number of shares.

Cumulatively, the effect of the reverse split will be to decrease the total number of shares of Common Stock outstanding from 80,621,200 to 20,155,300.

The effective date of the reverse split has been set by the Board as January 1, 2023.

The following is a table showing each class or series of voting securities entitled to have consented to the reverse split, as well as the number of shares outstanding for each class or series and the number of votes to which each class or series was entitled.

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| | | |
|:---|:---|:---|
| **Name of Class or Series Entitled** | **Shares Outstanding**  | **No. of Votes** |
| Common Stock  | 80621200 | 80621200 |
|  | **Total**  | 80621200 |

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The following person has been a director and officer of the corporation, since August 23, 2019,

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Office Held**  | &nbsp;&nbsp;&nbsp;&nbsp;**Date left office** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares Held** | **Percentage of Ownership** |
| Sam Kwok | CEO, Director  | current  | 80000000 | 99.22% |

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**Shareholders' Appraisal and Dissenters' Rights**

Under Nevada law, the Company's shareholders are not entitled to appraisal and dissenters' rights with respect to the reverse split. Accordingly, there are no stockholder dissenters' or appraisal rights in connection with any of the matters discussed in this Information Statement.

**Procedure** 

Each outstanding share of Common Stock of the Company (the "Old Common Stock") shall be automatically bundled up in groups of four and converted into 1 share of Common Stock (the "New Common Stock"). This reverse split of the outstanding shares of Common Stock shall not affect the total number of shares of Common Stock that the Company is authorized to issue, which shall remain the same.

The reverse split shall occur without any further action on the part of the Company or the holders of shares of Old Common Stock or New Common Stock. No fractional interest in a share of New Common Stock shall be deliverable upon the reverse split.

The reverse split will be effectuated on a stockholder-by-stockholder basis. Book-entries dated as of a date prior to the effective date representing outstanding shares of Old Common Stock shall, immediately after the effective date, represent a number of shares equal to the same number of shares of New Common Stock as is reflected in book entries, multiplied by 4 and rounded up to the nearest whole number.

**Federal Income Tax Considerations**

Neither the Company nor its stockholders should recognize any gain or loss for federal income tax purposes as a result of the reverse stock split. This conclusion is based on the provisions of the Internal Revenue Code of 1986 (the "Code"), existing and proposed regulations thereunder, legislative history, judicial decisions, and current administrative rulings and practices, all in effect on the date hereof. Any of these authorities could be repealed, overruled, or modified at any time. Any such change could be retroactive and, accordingly, could cause the tax consequences to vary substantially from the consequences described herein. No ruling from the Internal Revenue Service (the "IRS") with respect to the matters discussed herein has been requested, and there is no assurance that the IRS would agree with the conclusions set forth in this discussion. Accordingly, you should consult with your tax advisor.

This discussion may not address certain federal income tax consequences that may be relevant to particular stockholders in light of their personal circumstances (such as persons subject to the alternative minimum tax) or to certain types of stockholders (such as dealers in securities, insurance companies, foreign individuals and entities, financial institutions, and tax-exempt entities) who may be subject to special treatment under the federal income tax laws. This discussion also does not address any tax consequences under state, local, or foreign laws.

**You are urged to consult your tax adviser as to the particular tax consequences to you of the reverse stock split, including the applicability of any state, local, or foreign tax laws, changes in applicable tax laws, and any pending or proposed legislation.** 

**Exhibits**

[Board Resolution Ex 99.1](global_ex991.htm) <br> [Majority Shareholders Consent Ex 99.2](global_ex992.htm)

**DELIVERY OF DOCUMENTS TO SECURITY HOLDERS SHARING AN ADDRESS**

If hard copies of the materials are requested, we will send only one Information Statement and other corporate mailings to stockholders who share a single address unless we received contrary instructions from any stockholder at that address. This practice, known as "householding," is designed to reduce our printing and postage costs. However, the Company will deliver promptly upon written or oral request a separate copy of the Information Statement to a stockholder at a shared address to which a single copy of the Information Statement was delivered. You may make such a written or oral request by (a) sending a written notification stating (i) your name, (ii) your shared address and (iii) the address to which the Company should direct the additional copy of the Information Statement, to the Company at Corporate Secretary,

701 N Green Valley Parkway

Henderson, NV 89074

(702) 354-8751

If multiple stockholders sharing an address have received one copy of this Information Statement or any other corporate mailing and would prefer the Company to mail each stockholder a separate copy of future mailings, you may send notification to or call the Company's principal executive offices. Additionally, if current stockholders with a shared address received multiple copies of this Information Statement or other corporate mailings and would prefer the Company to mail one copy of future mailings to stockholders at the shared address, notification of such request may also be made by mail or telephone to the Company's principal executive offices.

By Order of the Board of Directors

<u>*/s/ Sam Kwok*</u>

Sam Kwok

Chief Executive Officer and Director

## Exhibit 99.1

**EXHIBIT 99.1**

**WRITTEN CONSENT TO ACTION WITHOUT MEETING**

**OF GLOBAL GOLD ROYALTY INC.**

BOARD OF DIRECTORS' RESOLUTION APPROVING REVERSE STOCK SPLIT OF COMPANY'S COMMON STOCK

Pursuant to Section 78.320 of Nevada Revised Statues, and the company's bylaws, the following action is taken and approved by the Board of Directors of GLOBAL GOLD ROYALTY INC. (the "Company") by unanimous written consent as if a meeting had been properly called and held and all the directors were present at the meeting and voted in favor of such action:

WHEREAS, the Board of Directors has determined that it is in the Company's best interest to conduct a reverse stock split after having considered certain factors including, but not limited to, the following:

(i) reluctance of certain institutional investors to include lower-priced stocks in their portfolios;

(ii) posturing the Company and its capital structure in favorable position in order to effectively negotiate potential acquisitions;

(iii) providing the Company with additional flexibility to issue shares to facilitate future financings;

(iv) desire to meet future requirements of per-share price relating to admission for trading on national exchanges.

WHEREAS, the Board of Directors believes that a reverse stock split of all issued and outstanding shares of Common Stock is the best way to achieve those goals; and

WHEREAS, the total number of shares of Common Stock the Company currently has issued and outstanding, as of December 16, 2022, is 80,621,200; and

WHEREAS, a 1 for 4 reverse stock split of its shares of Common Stock would result in 20,155,300 total shares of Common Stock issued and outstanding; now, therefore, be it

RESOLVED, that the Company authorizes and enacts a 1 for 4 reverse stock split of its shares of Common Stock (the "reverse stock split"); and be it further

RESOLVED, that the record date and time of the reverse stock split be January 1, 2023 at 9:00 a.m. EST; and be it further

RESOLVED, that both the effective date and time, and payable date and time, of the reverse stock split be January 1, 2023 at 9:00 a.m. EST; and be it further

RESOLVED, that if, as a result of the reverse stock split, any shareholder holds a non-whole number of shares, that the shareholder be issued an additional fraction of a share sufficient to increase the number of shares held by the shareholder to the next whole number of shares; and be it further

RESOLVED, that the Company's CEO, Sam Kwok, send a copy of this resolution to the Company's transfer agent, Vstock Transfer LLC; and be it further

RESOLVED, that the reverse stock split will not in any way affect the stated par value or total number of authorized shares or in any other way change, alter or otherwise amend the Company's Articles of Incorporation in the state of Nevada, and that therefore no amendment to the Articles of Incorporation is required; and be it further

RESOLVED, that the directors of this Company are empowered and directed, in the name of and on behalf of the Company, to execute and sign this Resolution; and the officers and directors of the Company are empowered and directed in the name and on behalf of the Company to execute and deliver all documents, to make all payments, and to perform and otherwise act as necessary to carry out the purposes and intent of this Resolution, and all such acts and doings of the officers of the Company consistent with the purpose of this Resolution are hereby authorized, approved, ratified and confirmed in all respects.

IN WITNESS WHEREFORE, the undersigned, being all the Directors of Global Gold Royalty Inc. hereby sign this consent on December 16, 2022.

SIGNATURES

GLOBAL GOLD ROYALTY INC.

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| | |
|:---|:---|
| By: | */s/ Sam Kwok* |
|  | Sam Kwok  |
|  | Director/CEO |

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## Exhibit 99.2

**EXHIBIT 99.2**

**CONSENT IN LIEU OF SHAREHOLDERS' MEETING**

**(MAJORITY SHAREHOLDER)**

**GLOBAL GOLD ROYALTY INC.**

Pursuant to the bylaws of the company and Nevada statutes, we, the holders of the number of shares of stock of GLOBAL GOLD ROYALTY INC. set forth after our signatures, and as the holders of a majority (99.22%) of the outstanding shares of the voting stock of the Company entitled to vote at a meeting of shareholders, do hereby consent to the following action as approved in a resolution adopted by the Board of Directors in its WRITTEN CONSENT TO ACTION WITHOUT MEETING OF GLOBAL GOLD ROYALTY INC. dated December 16, 2022.The text of the Board's resolution states:

RESOLVED, that the Company authorizes and enacts a 1 for 4 reverse stock split of its shares of Common Stock (the "reverse stock split"); and be it further

RESOLVED, that the record date and time of the reverse stock split be January 1, 2023 at 9:00 a.m. EST; and be it further

RESOLVED, that both the effective date and time, and payable date and time, of the reverse stock split be January 1, 2023 at 9:00 a.m. EST; and be it further

RESOLVED, that if, as a result of the reverse stock split, any shareholder holds a non-whole number of shares, that the shareholder be issued an additional fraction of a share sufficient to increase the number of shares held by the shareholder to the next whole number of shares; and be it further

RESOLVED, that the Company's CEO, Sam Kwok, send a copy of this resolution to the Company's transfer agent, Vstock Transfer LLC; and be it further

RESOLVED, that the reverse stock split will not in any way affect the stated par value or total number of authorized shares or in any other way change, alter or otherwise amends the Company's Articles of Incorporation in the state of Nevada, and that therefore no amendment to the Articles of Incorporation is required; and be it further

RESOLVED, that the directors of this Company are empowered and directed, in the name of and on behalf of the Company, to execute and sign this Resolution; and the officers and directors of the Company are empowered and directed in the name and on behalf of the Company to execute and deliver all documents, to make all payments, and to perform and otherwise act as necessary to carry out the purposes and intent of this Resolution, and all such acts and doings of the officers of the Company consistent with the purpose of this Resolution are hereby authorized, approved, ratified and confirmed in all respects.

IN WITNESS WHEREFORE, the undersigned, being the Majority Shareholder of GLOBAL GOLD ROYALTY INC., has signed this consent on the date indicated below effective this 16th day of December 2022.

**GLOBAL GOLD ROYALTY INC.**

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| | |
|:---|:---|
| By: | */s/ Sam Kwok*  |
|  | Sam Kwok |
|  | Director/CEO |
|  | 80,000,000 shares owned (99.22% percent of total shares) |

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