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Orla to raise US$35M, Agnico participates

Orla Mining has announced a US$35 million non-brokered financing for development activities at its Camino Rojo oxide gold project in Zacatecas, Mexico and at Cerro Quema in Panama. The company is targeting first gold pour from Camino Rojo before year end.

Paul Harris
Orla Mining's Camino Rojo project in Zacatecas, Mexico

Orla Mining's Camino Rojo project in Zacatecas, Mexico

The financing consists of 9.1 million shares priced at C$4.75 each, a slight premium to its $4.63 closing price the day before and has been subscribed to by a large institutional investor, Pierre Lassonde,...

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