Orla Mining Musselwhite Acquisition Shareholder Vote Set for January 21

Orla Mining Ltd. has announced the filing of its management information circular and related materials for a special shareholder meeting on January 21, 2025. The meeting will address the proposed acquisition of the Musselwhite Mine from Newmont Corporation and a concurrent private placement of convertible notes and common share purchase warrants.
Details of the Meeting
The meeting will be held at 8:00 a.m. (Vancouver time) at Suite 3500 – 1133 Melville Street, Vancouver, British Columbia. Shareholders will vote on two key resolutions:
1. Approval of the Musselwhite Mine acquisition.
2. Approval of a concurrent private placement to insiders Pierre Lassonde and Fairfax Financial Holdings Limited, which will fund part of the purchase price.
The meeting materials and independent technical report on the Musselwhite Mine are available on SEDAR+, EDGAR, and Orla’s website.
Support and Exclusions
Directors, officers, and certain key shareholders, collectively holding 19% of the eligible voting shares, have signed voting support agreements in favor of the resolutions. However, the shares held by Newmont, Lassonde, and Fairfax will not be eligible to vote due to regulatory requirements.
Funding the Acquisition
The private placement includes the issuance of convertible notes and common share purchase warrants. The net proceeds will partially fund the Musselwhite Mine acquisition, a transformative transaction for Orla that aligns with its growth strategy.
CEO Commentary
Orla CEO Jason Simpson commented, “The Musselwhite Mine represents a significant addition to Orla’s portfolio, leveraging our operational expertise and strengthening our foothold in North America. We are excited to have the support of our shareholders and partners as we advance toward closing this transaction.”
Shareholder Assistance
For voting assistance, shareholders can contact Laurel Hill Advisory Group toll-free at 1-877-452-7184 (North America) or 1-416-304-0211 (international) or via email at assistance@laurelhill.com.
About Orla Mining
Orla Mining is a leading gold producer with a strong focus on developing and operating high-value projects. The company operates the Camino Rojo Oxide Gold Mine in Mexico and is advancing the South Railroad Project in Nevada. The pending acquisition of the Musselwhite Mine in Ontario is expected to further enhance Orla’s portfolio.
With its demonstrated expertise in project development and operations, Orla continues to deliver value for stakeholders while strengthening its position as a major player in the gold mining sector.
Tags: Northern Ontario / Deals & Financial / Gold / All Articles