VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE:GROY) is pleased to announce that as a result of excess demand, it has agreed with National Bank Capital Markets, BMO Capital Markets, and RBC Capital Markets as joint bookrunners, on behalf of a syndicate of underwriters (collectively, the "Underwriters") to increase the size of its previously announced bought deal financing. Gold Royalty will now issue 22,500,000 common shares of the Company (the "Common Shares") at a price of US$4.00 per Common Share (the "Offering Price") for aggregate gross proceeds of US$90.0 million (the "Offering"). The Company has granted the Underwriters an over-allotment option, exercisable in whole or in part at any time up to 30 days after closing of the Offering, to purchase up to an additional 15% of the number of Common Shares issued pursuant to the Offering, for additional gross proceeds to the Company of up to approximately US$103.5 million.
In all other respects, the terms of the Offering and use of proceeds therefrom will remain as previously disclosed in the original press release dated December 8, 2025. Closing of the Offering is expected to occur on or about December 11, 2025 (the "Closing Date"), subject to customary closing conditions, including the receipt of all necessary approvals of the NYSE American in accordance with its applicable listing requirements.
The Offering will be made in each of the provinces and territories of Canada, other than Quebec and Nunavut, by way of a prospectus supplement to the Company's Canadian short form base shelf prospectus dated August 2, 2024. The Company has also filed with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form F-3 (File No. 333-280817), which was declared effective by the SEC on August 2, 2024. The securities in the Offering are being offered only by means of a prospectus, including a prospectus supplement, forming a part of the registration statement. A preliminary prospectus supplement and accompanying prospectus relating to, and describing the terms of, the Offering has been filed with the SEC. The Offering may also be made on a private placement basis in other international jurisdictions in reliance on applicable private placement exemptions. Before investing, prospective investors should read the Canadian base shelf prospectus and the prospectus supplement thereto, or the registration statement, including the U.S. base prospectus therein, and the prospectus supplement thereto, as applicable, including, in ...
