Fairfax Financial Holdings has acquired, through its insurance company subsidiaries, 2,000,000 common shares of Orla Mining 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 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. 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 outstanding Common Shares of Orla.
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