Exhibit 99.1
FORM 51-102F3
MATERIAL CHANGE REPORT
1. | Name and Address of Company: |
GOLD ROYALTY CORP. | |
1830-1030 West Georgia Street | |
Vancouver, British Columbia V6E 2Y3 | |
2. | Date of Material Change: |
The material change described in this report occurred on March 1, 2022. | |
3. | News Release: |
On March 1, 2022, Gold Royalty Corp. (the “Company”) issued a news release (the “News Release”) through the facilities of Canada Newswire, a copy of which has been filed on the System for Electronic Document Analysis and Retrieval (SEDAR). | |
4. | Summary of Material Change: |
On March 1, 2022, the Company completed its acquisition of an existing 0.75% net smelter return royalty (the “Côté Royalty”) from an existing royalty holder on a portion of the Côté Gold Project, located in Ontario Canada, and owned by IAMGOLD Corporation, as the operator, and Sumitomo Metal Mining Co., Ltd. (the “Côté Project”). | |
5. | Full Description of Material Change: |
On March 1, 2022, further to the Company’s announcement on February 22, 2022, the Company completed its acquisition of the Côté Royalty from an existing royalty holder on a portion of the Côté Project. | |
Pursuant to the transaction, the Company paid total consideration of US$15.875 million at closing, comprised of US$15 million in cash and the balance through the issuance of 207,449 common shares of the Company, based on the 20-day volume weighted average price of such shares on the NYSE American as of the business day immediately preceding closing, being US$4.218. | |
6. | Reliance on Subsection 7.1(2) of National Instrument 51-102 |
Not applicable. | |
7. | Omitted Information: |
Not applicable. | |
8. | Executive Officer: |
The following executive officer of the Company is knowledgeable about the material change and this report and may be contacted respecting the material change and this report: | |
Josephine Man | |
Chief Financial Officer | |
Telephone: (604) 396-3066 | |
9. | Date of Report: |
March 4, 2022. |