Gold Royalty Announces Upsizing of Previously Announced Bought Deal Financing

Core Points - Gold Royalty Corp. has increased its bought deal financing due to excess demand, now issuing 22,500,000 common shares at a price of US$4.00 per share, resulting in gross proceeds of US$90.0 million [1] - The underwriters have an over-allotment option to purchase an additional 15% of the shares, potentially raising total gross proceeds to approximately US$103.5 million [1] - The closing of the offering is expected around December 11, 2025, subject to customary closing conditions [2] Offering Details - The offering will be conducted in Canada (excluding Quebec and Nunavut) and the U.S., with a prospectus supplement filed with the SEC [3] - The offering is part of a Canadian short form base shelf prospectus dated August 2, 2024, and a registration statement on Form F-3 has been declared effective by the SEC [3] - Documents related to the offering can be accessed for free on SEDAR+ and SEC's EDGAR systems [4] Settlement and Trading - Delivery of the common shares is expected to occur on a T+3 settlement cycle, which is three business days after the prospectus supplement date [5] - Secondary market trades generally require a T+1 settlement unless otherwise agreed, impacting purchasers wishing to trade before the closing date [6] Company Overview - Gold Royalty Corp. focuses on providing financing solutions in the metals and mining industry, aiming to invest in sustainable mining operations [8] - The company’s portfolio primarily consists of net smelter return royalties on gold properties located in the Americas [8]