InvestmentJun 8, 2026, 09:01 AM
Fairfax Acquires Additional Orla Mining Shares, Increasing Stake to 15.7%
AI Summary
Fairfax Financial Holdings Limited announced the acquisition of an additional 26,582,275 common shares of Orla Mining Ltd. This resulted from the conversion of US$150,000,000 principal amount of senior unsecured convertible notes at a conversion price of CDN$7.90 per share. This transaction increases Fairfax's total beneficial ownership in Orla Mining to approximately 15.7% on a non-diluted basis and 19.5% on a partially-diluted basis, including warrants.
Key Highlights
- Fairfax acquired 26,582,275 common shares of Orla Mining Ltd. through conversion.
- US$150,000,000 principal amount of senior unsecured convertible notes were converted.
- The conversion price per common share was CDN$7.90.
- Fairfax's total holdings in Orla Mining are now 58,399,504 common shares and 17,544,302 warrants.
- This represents approximately 15.7% of Orla's issued and outstanding common shares on a non-diluted basis.
- On a partially-diluted basis (assuming warrant exercise), Fairfax holds approximately 19.5% of Orla's shares.
- Fairfax holds these shares and warrants for investment purposes.
Price Impact
More from FRFHF