UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
Report of
Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
UNDER the
Securities Exchange Act of 1934
For the month of January 21, 2025
Commission File Number: 001-39766
ORLA MINING LTD.
(Translation of registrant's name into English)
1010-1075
West Georgia Street
Vancouver,
BC
V6E
3C9
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ORLA MINING LTD.. |
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Date: January 21, 2025 |
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/s/ Etienne Morin |
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Name: Etienne Morin
Title: Chief Financial Officer
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EXHIBIT INDEX
Exhibit 99.1
News Release | |
Orla Shareholders Approve Acquisition of Musselwhite
Mine
VANCOUVER, BC, Jan. 21, 2025 /CNW/ - Orla Mining
Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce the results of the special
meeting of the shareholders of the Company (the "Shareholders") held earlier today (the "Meeting").
At the Meeting, Shareholders approved (i) the Company's
proposed acquisition of the Musselwhite Mine (the "Transaction") from Newmont Corporation ("Newmont") and (ii) the
concurrent private placement (the "Financing") of convertible notes and common share purchase warrants to Pierre Lassonde and
Fairfax Financial Holdings Limited ("Fairfax"), both of whom are "insiders" of the Company as defined under the TSX
Company Manual.
A total of 186,303,542 of the common shares of the
Company ("Shares") were represented at the Meeting, representing 57.9% of the total issued and outstanding Shares.
The ordinary resolutions approving the Transaction
and Financing were approved by 99.9% and 99.8%, respectively, of the votes cast by Shareholders present in person or represented by proxy
and entitled to vote at the Meeting, excluding the votes attached to the Shares held by Newmont, Mr. Lassonde and Fairfax in accordance
with Multinational Instrument 61-101 – Protection of Minority Security Holders in Special Transactions and/or the TSX Company
Manual, as applicable.
The Financing is expected to close concurrently with
and is conditional on the closing of the Transaction. Additional information regarding the terms of the Transaction and the Financing
are set out in the management information circular of the Company dated December 9, 2024, which is available on the Company's website
at www.orlamining.com, and on SEDAR+ and EDGAR under the Company's profile at www.sedarplus.ca and www.sec.gov, respectively.
The Transaction is expected to close in the first
quarter 2025 and is subject to other customary closing conditions
About Orla Mining Ltd.
Orla's corporate strategy is to acquire, develop,
and operate mineral properties where the Company's expertise can substantially increase stakeholder value. The Company has two material
gold projects: (1) Camino Rojo, located in Zacatecas State, Mexico and (2) South Railroad, located in Nevada, United States. Orla is operating
the Camino Rojo Oxide Gold Mine, a gold and silver open-pit and heap leach mine. The property is 100% owned by Orla and covers over 139,000
hectares which contains a large oxide and sulphide mineral resource. Orla is also developing the South Railroad Project, a feasibility-stage,
open pit, heap leach gold project located on the Carlin trend in Nevada. Orla has also entered into a definitive agreement with a subsidiary
of Newmont to acquire the Musselwhite Mine, located in Ontario, Canada. This Transaction is subject to certain conditions and is expected
to close in the first quarter of 2025. The technical reports for the Company's material projects are available on Orla's website at www.orlamining.com,
and on SEDAR+ and EDGAR under the Company's profile at www.sedarplus.ca and www.sec.gov, respectively.
Forward-looking Statements
This news release contains certain "forward-looking
information" and "forward-looking statements" within the meaning of Canadian securities legislation and within the meaning
of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended,
the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission,
all as may be amended from time to time, including, without limitation, statements regarding the closing of the Transaction and the timing
thereof. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments
that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management
on the date the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding such
forward-looking statements were made, including without limitation, assumptions regarding: completion of the Transaction and the Company's
ability to obtain final regulatory approval from the Toronto Stock Exchange and the NYSE American. Consequently, there can be no assurances
that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in
such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results
to differ materially from those anticipated. These risks include, but are not limited to risks associated with the Transaction, as well
as those risk factors discussed in the Company's most recently filed management's discussion and analysis, as well as its annual information
form dated March 19, 2024, which are available on www.sedarplus.ca and www.sec.gov. Except as required by the securities disclosure
laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's
beliefs, estimates or opinions, or other factors, should change.
SOURCE Orla Mining Ltd.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/21/c7292.html
%CIK: 0001680056
For further information: For further information, please contact:
Jason Simpson, President & Chief Executive Officer; Andrew Bradbury, Vice President, Investor Relations & Corporate Development,
www.orlamining.com, investor@orlamining.com
CO: Orla Mining Ltd.
CNW 17:00e 21-JAN-25
Exhibit 99.2
ORLA
MINING LTD.
(the “Company”)
Report of Voting Results
National Instrument 51-102 - Continuous Disclosure Obligations
Section 11.3
The Company held a special meeting of
the holders (“Shareholders”) of common shares of the Company (“Common Shares”) on January 21, 2025
(the “Meeting”) and in accordance with section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations,
the Company hereby advises of the following results at the Meeting:
Total Common Shares issued and outstanding on December 9, 2024: |
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321,611,023 |
Total Common Shares represented at the Meeting: |
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186,303,542 |
Percentage of total Common Shares represented at the Meeting: |
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57.9% |
The matters considered at the Meeting are
described in greater detail in the management information circular of the Company dated December 9, 2024 (the “Circular”),
which is available on the Company’s website at www.orlamining.com, and on SEDAR+ and EDGAR under the Company’s profile at
www.sedarplus.ca and www.sec.gov, respectively.
Acquisition Resolution
Based on the proxies received and a vote
conducted by ballot at the Meeting, the ordinary resolution (the “Acquisition Resolution”), the full text of which
is set forth in Schedule “A” to the Circular, approving the Company’s acquisition of all the issued and outstanding
shares of Musselwhite Mine Ltd., a wholly owned subsidiary of Goldcorp Canada Ltd., which will hold the assets and liabilities of the
Musselwhite Mine, as more particularly described in the Circular, was approved by the Shareholders. The following is a summary of the
voting results at the Meeting:
Acquisition Resolution |
Votes For |
Votes Against |
Outcome |
Votes cast by Shareholders, excluding the Common Shares required to be excluded (the “Insider Shares”) pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions and the TSX Company Manual |
97,183,598
(99.9%) |
66,752
(0.07%) |
Approved |
Financing Resolution
Based on the proxies received and a vote
conducted by ballot at the Meeting, the ordinary resolution (the “Financing Resolution”), the full text of which is
set forth in Schedule “A” to the Circular, approving the issuance of a respective portion of senior unsecured convertible
notes of the Company in the aggregate principal amount of US$200,000,000, together with the issuance of the Common Shares upon conversion
thereof, and the issuance of common share purchase warrants of the Company, together with the issuance of the Common Shares upon exercise
thereof, to each of Pierre Lassonde and Fairfax Financial Holdings Limited (or a respective affiliate thereof), including the issuance
of any Common Shares to Fairfax where such issuance would result in the creation of a holding of more than 20% of the voting securities
of the Company by one security holder or a combination of security holders acting together and which would “materially affect control”
of the Company pursuant to section 604(a)(i) of the TSX Company Manual, as more particularly described in the Circular, was approved by
the Shareholders. The following is a summary of the voting results at the Meeting:
Financing Resolution |
Votes For |
Votes Against |
Outcome |
Votes cast by Shareholders, excluding the Insider Shares required to be excluded pursuant to the TSX Company Manual |
97,059,237
(99.8%) |
191,113
(0.2%) |
Approved |
DATED at Vancouver, British Columbia,
as of the 21st day of January, 2025.
Orla Mining (AMEX:ORLA)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025
Orla Mining (AMEX:ORLA)
과거 데이터 주식 차트
부터 1월(1) 2024 으로 1월(1) 2025