Fairfax Financial announces acquisition of additional Orla Mining shares

Fairfax Financial Holdings (FRFHF) has acquired, through its insurance company subsidiaries, 800,000 common shares of Orla Mining Ltd. (ORLA) at an average price of $4.88 per Common Share, for an aggregate purchase price of approximately $3,903,000 through the facilities of the Toronto Stock Exchange. The Share Purchase represents approximately 0.25% of the issued and outstanding Common Shares of Orla and brings Fairfax’s total holdings, through its insurance subsidiaries, of such securities to 55,405,229 Common Shares. Immediately prior to the Share Purchase, Fairfax, through its insurance company subsidiaries, beneficially owned and controlled 54,605,229 Common Shares, representing approximately 17.33% of the issued and outstanding Common Shares of Orla. The Common Shares were acquired by Fairfax for investment purposes, and in the future, it may discuss with management and/or the board of directors of Orla any of the transactions listed in clauses to of item 5 of Form F1 of National Instrument 62-103 – The Early Warning System and Related Take-over Bid and Insider Reporting Issues and it may further purchase, hold, vote, trade, dispose or otherwise deal in the securities of Orla, in such manner as it deems advisable to benefit from changes in market prices of Orla’s securities, publicly disclosed changes in the operations of Orla, its business strategy or prospects or from a material transaction of Orla.