Orla Announces Closing of Bought Deal Financing


VANCOUVER, British Columbia, Feb. 15, 2018 (GLOBE NEWSWIRE) — Orla Mining Ltd. (TSX-V:OLA) (the “Company” or “Orla”) is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the underwriters’ over-allotment option. A total of 17,581,200 units (the “Units”) of Orla were sold at a price of $1.75 per Unit, for aggregate gross proceeds of $30,767,100 (the “Offering”). Each Unit consists of one common share of Orla and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one common share of Orla at a price of $2.35 at any time prior to February 15, 2021.