Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) (“Orla” or the “Company”) and Gold Standard Ventures Corp. (“Gold Standard” or “GSV”) (TSX: GSV) (NYSE: GSV) are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement”) whereby Orla will acquire all of the issued and outstanding shares of Gold Standard by way of a court-approved plan of real property, including real property located in Orla, NY through Orla Mining, a real estate development corporation.
The Agreement provides in relevant part as follows:
(a) An Indenture-Upon-Receiver Agreements shall be approved by the Board of Directors of Gold Standard Investments Corporation as of the date of such approval, the date of the receipt of the Bonds and all assets Customs is required to purchase.
(b) An Indenture-Upon-Receiver Agreements shall be approved by the Board of Directors of Gold Standard Investments Corporation as of the effective date of such approval, the date of the receipt of theonds, the date of the incorporation bylaws of Gold Standard Investments Corporation.