- Orla Mining (OLA) has acquired Gold Standard Ventures Corp. (GSV) by way of court-approved plan of arrangement
- Former Gold Standard shareholders received 0.1193 of a common share of Orla and C$0.0001
- Orla has acquired all issued and outstanding shares of Gold Standard and Gold Standard is now a wholly-owned subsidiary of Orla
- Orla Mining Ltd is a mineral exploration company
- Orla Mining Ltd opened the day’s trading at $4.36 per share
Orla Mining (OLA) has acquired Gold Standard Ventures Corp. (GSV) by way of court-approved plan of arrangement.
“The closing of this acquisition marks an important milestone in Orla’s journey in becoming a growth-oriented, low-cost, mid-tier gold producer,” noted Jason Simpson, President and Chief Executive Officer of Orla Mining.
“We will seek to generate shareholder value through effectively exploring, building and operating our asset base, which now includes the South Railroad project located on the prolific Carlin trend,” he added.
Former Gold Standard shareholders received 0.1193 of a common share of Orla and C$0.0001.
Orla acquired all issued and outstanding shares of Gold Standard, and Gold Standard is now a wholly-owned subsidiary of Orla.
Gold Standard shares will be delisted from the TSX and NYSE.
Gold Standard’s key asset is the 100-per-cent-owned South Railroad Project, a feasibility-stage, open pit, heap leach project located on the Carlin trend in Nevada.
Orla Mining Ltd is a mineral exploration company which operates the Camino Rojo Oxide Gold Mine, a gold and silver open-pit and heap leach mine, located in Zacatecas State, Central Mexico.
Orla Mining Ltd opened the day’s trading at $4.36 per share.
