Gold Royalty Announces Regulatory Approval Followed By Elemental Offer


Gold Royalty Corp. recently announced the conclusion of key regulatory approvals in connection with the conditions of the Company’s offer to acquire all of the outstanding common shares of Elemental Royalties Corp. together with the associated rights issued under Elemental’s shareholder rights plan.

According to sources, the Company has received a “no action” letter from the Foreign Investment Review Board of the Government of Australia advising that the transactions in respect of the Offer are not subject to the Foreign Acquisitions and Takeovers Act 1975. Additionally, after consulting its advisors and reviewing relevant publicly available information regarding Elemental, the Company has determined that a pre-merger notification and application under the Canadian Competition Act are not required with respect to the Offer.

As a result of revisions made to the conditions of the Offer through the filing of Amendment No. 1 to the Company’s Registration Statement on Form F-4 with the U.S. Securities and Exchange Commission , the Company filed today a Notice of Variation and Change with respect to its Offer. The revisions contained therein do not change the scope of the conditions of the Offer in any material respect.



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