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Stock impact report

Orla Mining Enhances Land Position in Nevada with Acquisition of Contact Gold [Yahoo! Finance]

Orla Mining Ltd. Common Shares (ORLA) 
Company Research Source: Yahoo! Finance
VANCOUVER, BC Feb. 26, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Contact Gold Corp. (TSX-V: C) ("Contact") whereby Orla will acquire all of the issued and outstanding common shares of Contact (the "Contact Shares") pursuant to a court-approved plan of arrangement (the "Transaction"). Contact's key asset is the 100%-owned Pony Creek property, a 4,500 hectare exploration land package, strategically located adjacent to Orla's South Railroad property in the heart of the Carlin trend in Nevada . Contact also owns the Green Springs property located in the southern end of the Cortez trend. Green Springs is an early-stage exploration project where Centerra Gold currently has a right to earn into 70% of the project through completion of a four-year, $10.0 million exploration program. Transaction Terms Under the terms of the Arrangeme Show less Read more
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