Gold Royalty Increases Financing Deal
Gold Royalty Corp. (“Gold Royalty” or the “Company”) (NYSE American: GROY) is excited to report that due to overwhelming demand, the company has collaborated with National Bank Capital Markets, BMO Capital Markets, and RBC Capital Markets. Together, they have agreed to upscale a previously announced bought deal financing, expanding the scope significantly.
Details of the Upsized Financing
The expansion now allows Gold Royalty to issue 22,500,000 common shares at a price of US$4.00 per share. This move is expected to yield aggregate gross proceeds of US$90.0 million. Additionally, there's an over-allotment option granted to underwriters, which could lead to an increased total up to approximately US$103.5 million, based on an additional 15% of the shares issued.
Expected Timeline for Closing
The closing of this offering is expected around the proposed date, pending usual closing conditions and regulatory approvals. It's an exciting time for Gold Royalty as they position themselves for growth in the precious metals market.
Offering Scope and Jurisdictions
The offering is intended to reach a wide geographic scope across various provinces and territories in Canada, explicitly excluding Quebec and Nunavut. A prospectus supplement will facilitate this, following the base shelf prospectus that was established earlier.
Investors’ Awareness
For anyone considering investing, it’s important to review the Canadian base shelf prospectus and the related prospectus supplement to ensure they understand the terms and details associated with this offering.
Accessing Important Documents
Important documents regarding the offering, such as the preliminary and final prospectus supplements, are accessible for free through the System for Electronic Document Analysis and Retrieval (SEDAR+) and the SEC’s system for electronic data gathering. These documents will provide comprehensive information about the company and the offering.
Delivery and Settlement of Shares
Delivery of the common shares is expected to happen shortly after the closing date, adhering to standard settlement procedures. Investors wishing to engage in early trades of these shares should consult their advisors to understand settlement cycles properly.
About Gold Royalty Corp.
Gold Royalty Corp. specializes in providing financial solutions centered on gold. The company aims to invest in sustainable mining operations, ultimately creating a diversified portfolio that contributes to long-term gains for its shareholders. Their portfolio primarily includes net smelter return royalties associated with gold properties throughout the Americas.
Contact Information for Gold Royalty Corp.
For additional inquiries, you can reach out to:
Jackie Przybylowski
Vice President, Capital Markets
Telephone: (833) 396-3066
Email: info@goldroyalty.com
Frequently Asked Questions
What is the purpose of the upsized financing?
The financing aims to secure additional capital to support Gold Royalty's growth initiatives in the precious metals sector.
Who are the underwriters involved in this deal?
The underwriters include National Bank Capital Markets, BMO Capital Markets, and RBC Capital Markets.
When is the expected closing date for the offering?
The closing date is anticipated around December 11, 2025, subject to customary closing conditions.
What regions will this offering cover?
The offering will be available in various provinces and territories in Canada, excluding Quebec and Nunavut.
What information should prospective investors review before investing?
Prospective investors should review the Canadian base shelf prospectus and the related prospectus supplement to understand the offering's terms fully.
