Orla Mining Ltd.

November 27, 2015 17:46 ET

Orla Mining Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 27, 2015) - Orla Mining Ltd. (TSX VENTURE:OLA), ("Orla" or the "Company") announces that the board of directors has authorized the grant of an aggregate of 1,535,000 incentive stock options (the "Options") to directors, officers, and consultants of Orla Mining, at an exercise price of $0.15 per share.

The Options are exercisable for a five-year period from the date of grant and will vest as follows: 25% on date of grant, 25% on the 6 month anniversary from the date of the grant, 25% on the 9 month anniversary from the date of the grant and the final 25% on 12 month anniversary from the date of the grant.

The Options are granted pursuant to the Company's stock option plan which was approved by shareholders at the Company's annual general meeting of shareholders held on June 10, 2015. The Company's stock option plan and the grant of the Options are subject to the approval of the TSX Venture Exchange.

On behalf of the Board of Directors,

Tory Fierro, Chairman

About Orla Mining

Orla Mining is a closely held mineral exploration company led by a group of seasoned mining executives. The Company's focus will be to acquire mineral exploration opportunities where the Company's exploration and development expertise and corporate share structure could substantially enhance shareholder value.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Orla Mining Ltd.
    Marc Prefontaine
    604 681-8030 ext. 225

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