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Orla Mining Files Final Base Shelf Prospectus in Preparation for Construction of the Camino Rojo Oxide Project
Vancouver, British Columbia--(Newsfile Corp. - March 11, 2019) - Orla Mining Ltd. (TSX: OLA) (...
About this update from Orla Mining Ltd.
[{"type":"text","content":"Orla Mining Files Final Base Shelf Prospectus in Preparation for Construction of the Camino Rojo Oxide ProjectVancouver, British Columbia--(Newsfile Corp. - March 11, 2019) - Orla Mining Ltd. (TSX: OLA) (\"Orla\" or the \"Company\") is pleased to announce that it has filed a final short form base shelf prospectus (the \"Shelf Prospectus\") in order to maintain financial flexibility as Orla continues to advance the Camino Rojo Oxide Project towards a construction decision later this year and ensuring the Company remains on track with the development of its first mine. The Shelf Prospectus has been filed with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec. The Company has no immediate intentions to undertake an offering of securities under the Shelf Prospectus.The Shelf Prospectus will enable Orla to make offerings of up to $300 million of any combination of common shares, debt securities, subscription receipts, units and warrants (collectively, the \"Securities\") during the 25-month period that the Shelf Prospectus remains valid. The nature, size and timing of such financings, if any, will depend, in part, on Orla's assessment of its requirements for funding and general market conditions. Unless otherwise specified in a prospectus supplement relating to a particular offering of Securities, the net proceeds from any sale of any Securities is expected to be used to advance the development of the Camino Rojo and Cerro Quema Projects and for general corporate purposes. The specific terms of any future offering of Securities will be established in a prospectus supplement to the Shelf Prospectus, which supplement will be filed with the applicable Canadian securities regulatory authorities. A copy of the Shelf Prospectus is available under the Company's profile on SEDAR at www.sedar.com or on the Company's website at www.orlamining.com.This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended and may not be offere...