On June 13, 2022, Orla Mining Ltd. acquired all outstanding shares of Gold Standard Ventures Corp. in a C$242 million transaction, offering a 35% premium on Gold Standard's share value as of June 10, 2022. Under the agreement, Gold Standard shareholders received 0.1193 of an Orla share plus C$0.0001 for each of their shares. This acquisition aligns with Orla's strategy to develop high-margin, cash-generating assets, highlighted by Gold Standard's South Railroad Project in Nevada—a feasible, low capital intensity, heap leach operation similar to Orla's Camino Rojo mine. The deal promises an annual gold production increase towards 500,000 ounces and expands Orla's reserve base to 3.8 million ounces. Gold Standard shareholders gained an immediate premium, exposure to Orla's assets, and potential for long-term value. Orla's acquisition was recommended by the boards of both companies, with fairness opinions provided by TD Securities and Paradigm Capital to Gold Standard, and Trinity Advisors Corporation and Stifel GMP to Orla. South Railroad promises an 8-year mine life with an average annual gold production of 124 kozs and Lewis Project adds significant exploration potential. The deal, structured as a court-approved plan of arrangement, required two-thirds approval from Gold Standard shareholders and was expected to conclude in August 2022 following regulatory and court approvals. Orla’s legal advisors were Cassels Brock & Blackwell LLP and Neal, Gerber & Eisenberg LLP, while Gold Standard was advised legally by Blake, Cassels & Graydon LLP and Dorsey & Whitney LLP.