TORONTO, Jan. 31, 2024 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has acquired, through its insurance company subsidiaries, 2,000,000 common shares (the “Common Shares”) of Orla Mining Ltd. (TSX: OLA) (“Orla”) at a price of $4.65 per Common Share for an aggregate purchase price of approximately $9,300,000 through the facilities of the Toronto Stock Exchange (the “Share Purchase”).
The Share Purchase represents approximately 0.64% of the issued and outstanding Common Shares of Orla and brings Fairfax’s total holdings, through its insurance subsidiaries, of such securities to 48,611,791 Common Shares (or approximately 15.46% of all Common Shares).
Immediately prior to the Share Purchase, Fairfax, through its insurance company subsidiaries, beneficially owned and controlled 46,611,791 Common Shares, representing approximately 14.82% of the issued and…
