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Stock impact report

Fairfax Sells Common Shares of Orla

Orla Mining Ltd. Common Shares (ORLA) 
Company Research Source: GlobeNewswire
TORONTO, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announced that it has sold, through its insurance company subsidiaries, 25,000,000 common shares (the “Common Shares”) of Orla Mining Ltd. (TSX: OLA) (“Orla”) at a price of CDN$17.6435 per Common Share for aggregate proceeds of approximately CDN$441.1 million (US$316.1 million) (the “Share Sale”). The Share Sale occurred in connection with the rebalancing of investment portfolios of Fairfax. Immediately prior to the Share Sale, Fairfax, through its insurance company subsidiaries, beneficially owned or controlled: (i) 56,817,229 Common Shares; (ii) US$150,000,000 principal amount of senior unsecured convertible notes (the “Notes”) of Orla, which are convertible into Common Shares at Fairfax’s option at a conversion price per Common Share of CDN$7.90; and (iii) 17,544,302 warrants (“Warrants”), which allow Fairfax to acquire up to 17,544,302 Common Shares at an exercise pric Show less Read more
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