Orla Mining Repays $10M Credit Facility
Ticker: ORLA · Form: 6-K · Filed: Oct 15, 2024 · CIK: 1680056
| Field | Detail |
|---|---|
| Company | Orla Mining Ltd. (ORLA) |
| Form Type | 6-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: debt-repayment, financial-health, credit-facility
TL;DR
Orla Mining paid off its $10M loan with cash, looks good.
AI Summary
Orla Mining Ltd. announced on October 15, 2024, that it has fully repaid its outstanding credit facility with The Bank of Nova Scotia, totaling $10 million. This repayment was made using funds from its working capital.
Why It Matters
This action demonstrates Orla Mining's strong financial health and ability to manage its debt obligations, potentially improving its creditworthiness.
Risk Assessment
Risk Level: low — The filing is a routine financial update and does not contain any new material risks.
Key Numbers
- $10 million — Credit Facility Repayment (Orla Mining fully repaid its outstanding credit facility with The Bank of Nova Scotia.)
Key Players & Entities
- Orla Mining Ltd. (company) — Registrant
- The Bank of Nova Scotia (company) — Lender
- $10 million (dollar_amount) — Amount of credit facility repaid
- October 15, 2024 (date) — Date of repayment and press release
- Etienne Morin (person) — Chief Financial Officer
FAQ
What was the total amount of the credit facility repaid by Orla Mining?
Orla Mining Ltd. fully repaid its outstanding credit facility totaling $10 million.
Who was the lender for the repaid credit facility?
The credit facility was with The Bank of Nova Scotia.
On what date was the credit facility fully repaid?
The credit facility was fully repaid on October 15, 2024.
How did Orla Mining fund the repayment of the credit facility?
The repayment was made using funds from Orla Mining's working capital.
Who signed the 6-K report on behalf of Orla Mining Ltd.?
Etienne Morin, Chief Financial Officer, signed the report on behalf of Orla Mining Ltd.
Filing Stats: 150 words · 1 min read · ~1 pages · Grade level 11.5 · Accepted 2024-10-15 08:02:18
Filing Documents
- orlamining6k.htm (6-K) — 9KB
- ex991.htm (EX-99.1) — 7KB
- logo.jpg (GRAPHIC) — 14KB
- ex991.pdf (EX-99.1) — 44KB
- 0001279569-24-001222.txt ( ) — 97KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13 a -16 or 15 d -16 UNDER the Securities Exchange Act of 1934 For the month of October, 2024 Commission File Number: 001-39766 ORLA MINING LTD. (Translation of registrant's name into English) 1010-1075 West Georgia Street Vancouver, BC V6E 3C9 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ORLA MINING LTD.. Date: October 15, 2024 /s/ Etienne Morin Name: Etienne Morin Title: Chief Financial Officer EXHIBIT INDEX Exhibit Description of Exhibit 99.1 Press Release dated October 15, 2024