Gold Royalty Announces US$70.0 Million Bought Deal Financing

Core Viewpoint - Gold Royalty Corp. has announced a bought deal offering of 17,500,000 common shares at a price of US$4.00 per share, aiming to raise approximately US$70.0 million for funding an acquisition and general corporate purposes [1][3]. Group 1: Offering Details - The offering involves 17,500,000 common shares priced at US$4.00 each, totaling gross proceeds of about US$70.0 million [1] - The underwriters have an over-allotment option to purchase an additional 15% of the shares, potentially raising an extra US$10.5 million [2] - The closing of the offering is expected around December 11, 2025, subject to customary conditions and approvals [4] Group 2: Use of Proceeds - The net proceeds from the offering will primarily fund the acquisition of a royalty on the Pedra Branca mine from BlackRock World Mining Trust plc [3] - The Pedra Branca mine is an operational copper and gold mine in Brazil, currently owned by BHP Group Limited [3] - If the acquisition does not complete, the company may redirect the proceeds for general corporate purposes or other acquisitions [4] Group 3: Regulatory and Listing Information - The offering will be made in Canada (excluding Quebec and Nunavut) and is subject to regulatory approvals [5] - The common shares will be listed on the NYSE American, contingent upon meeting all listing requirements [8] - A registration statement has been filed with the U.S. SEC, and relevant documents are accessible on SEDAR+ and EDGAR [6][5]