Proxy Advisory Firms Support Orla Mining’s Acquisition Plan

Orla Mining ( (TSE:OLA) ) has shared an announcement.

Orla Mining Ltd. has received recommendations from leading independent proxy advisory firms for its shareholders to vote in favor of acquiring the Musselwhite Mine from Newmont Corporation. The acquisition is coupled with a private placement of convertible notes and share purchase warrants, which will partially finance the purchase and is endorsed by Orla’s Board of Directors.

More about Orla Mining

Orla Mining Ltd. is a company focused on acquiring, developing, and operating mineral properties to enhance stakeholder value. Its prominent projects include the Camino Rojo in Zacatecas State, Mexico, and South Railroad.

YTD Price Performance: -1.41%

Average Trading Volume: 431,645

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$2.7B

See more data about OLA stock on TipRanks’ Stock Analysis page.