On August 12, 2022, Orla Mining Ltd. completed the acquisition of Gold Standard Ventures Corp. by way of court-approved plan of arrangement.
Under the terms of the transaction, former Gold Standard shareholders received, in exchange for each Gold Standard common share held immediately prior to the effective time of the transaction, 0.1193 of a common share of Orla and $0.0001 in cash. As a result of the completion of the transaction, Orla acquired all of the issued and outstanding Gold Standard Shares and Gold Standard became a wholly-owned subsidiary of Orla.
Cassels Brock & Blackwell LLP acted for Orla with a deal team that included Jen Hansen, Jeffrey Roy, Jonathan Chandler, Reza Sarsangi (Securities, M&A and Mining), Jennifer Wasylyk, Jessica Gnitt (Banking & Specialty Finance and Mining), Zahra Nurmohamed, Tera Li Parizeau, Ashley Jung (Tax), Davit Akman, Tegan O’Brien, Olivia Ells (Competition & Foreign Investment), Caitlin Russell (Employment & Labour), Stephanie Voudaris, John Picone, Jessica Lewis (Litigation), Andy Pike, Rosina Jagore, Jessica Kotsopoulos (Corporate Services).
Neal, Gerber & Eisenberg acted as US counsel for Orla with a deal team that included John Koenigsknecht and Elain Taussig.
Dorsey & Whitney LLP acted for Gold Standard with a deal team that included Randal Jones and Stephanie Gambino.