representative work

Orla Mining to Acquire Gold Standard for $242 Million

06/13/2022

On June 13, 2022, Orla Mining Ltd. and Gold Standard Ventures Corp. entered into a definitive agreement whereby Orla will acquire all of the issued and outstanding shares of Gold Standard by way of a court-approved plan of arrangement. Under the terms of the transaction, Gold Standard shareholders will receive 0.1193 of a common share of Orla and $0.0001 for each Gold Standard share held. The consideration implies a purchase price of $0.655 per Gold Standard Share, or gross consideration of $242 million. Gold Standard’s key asset is the 100%-owned South Railroad Project, a feasibility-stage, open pit, heap leach project located on the prolific Carlin trend in Nevada.

Cassels is acting for Orla.