On July 31, 2026, Equinox Gold Corp. (“Equinox”) acquired Orla Mining Ltd. (“Orla”) pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act (the “Transaction”), creating a new North American senior gold producer with an US$18.5 billion implied market capitalization. The combined company continued under the name “Equinox Gold Corp.”
Pursuant to the Transaction, Orla shareholders received 1.00 Equinox common share and a nominal cash payment of US$0.0001 for each Orla common share held immediately prior to the effective time of the Transaction. Upon completion of the Transaction, existing Equinox shareholders and former Orla shareholders owned approximately 67% and 33% of the outstanding common shares of the combined company, respectively, on a fully diluted in-the-money basis.
Fasken acted as legal advisor to the Orla Special Committee with a team comprised of Brad Freelan, Zach Austin, Evan Conover and Madeleine MacLean.
Jurisdiction
- British Columbia
