representative work

Orla Mining Completes $30.7 Million Bought Deal Financing


On February 15, 2018, Orla Mining Ltd. closed a bought deal financing, including the exercise in full of the underwriters’ over-allotment option. A total of 17,581,200 units of Orla were sold at a price of $1.75 per unit, for aggregate gross proceeds of $30.7 million. Each unit consisted of one common share of Orla and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one common share of Orla at a price of $2.35 at any time prior to February 15, 2021.

Cassels acted for Orla with a deal team that included Jen Hansen and Aimee O’Donnell (Securities and Mining) and Chris Norton (Tax).