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Gold Royalty Corp. adopted a shareholder rights plan on Nov. 5, 2025, to protect against unsolicited takeovers by allowing discounted share purchases if any buyer acquires 15% or more of shares without following permitted bid rules.
Gold Royalty Corp. implemented a shareholder rights plan on November 5, 2025, to protect shareholder value in the event of an unsolicited takeover.
The plan, approved by the board and a special committee of independent directors, triggers if any person acquires 15% or more of the company’s shares without following permitted bid rules, allowing other shareholders to buy additional shares at a discount.
A 20% threshold applies to entities not under standstill agreements.
The plan, which does not affect trading or require shareholder action, has a three-year term and must be ratified by shareholders within 12 months to continue.
It aims to ensure fair treatment and provide time for evaluation during potential bids.
The full details are available on SEDAR+ and EDGAR.
Gold Royalty Corp. adoptó un plan de derechos de los accionistas el 5 de noviembre de 2025, para protegerse contra adquisiciones no solicitadas al permitir compras de acciones con descuento si cualquier comprador adquiere el 15% o más de las acciones sin seguir las reglas de oferta permitidas.