Orla Mining, a Canada-based mineral exploration company, has signed a definitive arrangement agreement to acquire all issued and outstanding common shares of Contact Gold. The acquisition, valued at around $8.1m (C$10.93m), is set to enhance Orla’s footprint in Nevada’s prolific Carlin trend. The consideration marks a 77% premium based on the two companies’ 20-day volume weighted average price on 23 February 2024. Contact Gold’s primary asset is the 100%-owned Pony Creek property, a 4,500ha exploration area located adjacent to Orla’s South Railroad property in the Carlin trend in Nevada. The acquisition also includes ... (full story)