SC 13G/A 1 tm2332617d1_sc13ga.htm SC 13G/A

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)*

 

Orla Mining Ltd.

 

(Name of Issuer)

 

Common Shares

 

(Title of Class of Securities)

 

68634K106

 

(CUSIP Number)

 

December 8, 2023

 

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)

x  Rule 13d-1(c)

¨Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

V. Prem Watsa

 
  2 Check the Appropriate Box if a Member of a Group
  (a) ¨
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Canadian
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
33,608,650
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
33,608,650
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
33,608,650
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
10.7%
 
  12 Type of Reporting Person
IN
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

The Second 810 Holdco Ltd.

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Canada
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
33,608,650
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
33,608,650
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
33,608,650
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
10.7%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

The Second 1109 Holdco Ltd.

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Canada
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
33,608,650
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
33,608,650
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
33,608,650
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
10.7%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

The Sixty Two Investment Company Limited

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
British Columbia
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
33,608,650
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
33,608,650
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
33,608,650
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
10.7%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

12002574 Canada Inc.

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Canada
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
33,608,650
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
33,608,650
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
33,608,650
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
10.7%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Fairfax Financial Holdings Limited

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Canada
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
33,608,650
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
33,608,650
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
33,608,650
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
10.7%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

FFHL Group Ltd.

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Canada
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
26,192,050
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
26,192,050
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
26,192,050
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
8.3%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Fairfax (US) Inc.

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
DELAWARE
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
19,762,871
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
19,762,871
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
19,762,871
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
6.3%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Odyssey US Holdings Inc.

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
DELAWARE
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
10,193,573
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
10,193,573
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
10,193,573
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
3.2%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Odyssey Group Holdings, Inc.

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
DELAWARE
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
10,193,573
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
10,193,573
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
10,193,573
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
3.2%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Odyssey Reinsurance Company

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
CONNECTICUT
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
10,193,573
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
10,193,573
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
10,193,573
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
3.2%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Crum & Forster Holdings Corp.

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
DELAWARE
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
7,586,098
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
7,586,098
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
7,586,098
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
2.4%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

United States Fire Insurance Company

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
DELAWARE
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
7,586,098
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
7,586,098
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
7,586,098
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
2.4%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

ZENITH NATIONAL INSURANCE CORP.

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
DELAWARE
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
1,983,200
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
1,983,200
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,983,200
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
0.6%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Zenith Insurance Company

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
CALIFORNIA
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
1,983,200
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
1,983,200
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,983,200
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
0.6%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Northbridge Financial Corporation

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Canada
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
6,429,179
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
6,429,179
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
6,429,179
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
2.0%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Federated Insurance Company of Canada

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Canada
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
1,610,475
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
1,610,475
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,610,475
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
0.5%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Northbridge General Insurance Corporation

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Canada
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
4,818,704
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
4,818,704
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
4,818,704
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
1.5%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

CRC Reinsurance Limited

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
BARBADOS
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
1,250,000
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
1,250,000
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,250,000
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
0.4%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

1102952 B.C. Unlimited Liability Company

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
British Columbia
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
6,166,600
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
6,166,600
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
6,166,600
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
2.0%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Allied World Assurance Company Holdings, Ltd

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Bermuda
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
6,166,600
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
6,166,600
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
6,166,600
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
2.0%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Allied World Assurance Company Holdings I, Ltd

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Bermuda
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
6,166,600
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
6,166,600
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
6,166,600
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
2.0%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Allied World Assurance Company, Ltd

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Bermuda
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
6,166,600
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
6,166,600
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
6,166,600
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
2.0%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Allied World Assurance Holdings (Ireland) Ltd

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Bermuda
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
6,166,600
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
6,166,600
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
6,166,600
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
2.0%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Allied World Assurance Holdings (U.S.) Inc.

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
Bermuda
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
6,166,600
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
6,166,600
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
6,166,600
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
2.0%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Allied World Insurance Company

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
NEW HAMPSHIRE
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
4,500,000
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
4,500,000
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
4,500,000
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
1.4%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Allied World Assurance Company (U.S.) Inc.

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
DELAWARE
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
2,500,000
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
2,500,000
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,500,000
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
0.8%
 
  12 Type of Reporting Person
CO
               

 

 

 

CUSIP No. 68634K106 13G  
 
  1

Names of Reporting Persons

Allied World National Assurance Company

 
  2 Check the Appropriate Box if a Member of a Group
  (a) o
  (b) x
 
  3 SEC Use Only
 
  4 Citizenship or Place of Organization
NEW HAMPSHIRE
 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

5 Sole Voting Power
0
 
6 Shared Voting Power
1,666,600
 
7 Sole Dispositive Power
0
 
8 Shared Dispositive Power
1,666,600
 
  9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,666,600
 
  10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o
 
  11 Percent of Class Represented by Amount in Row 9
0.5%
 
  12 Type of Reporting Person
CO
               

 

 

 

Item 1(a). Name of Issuer:

Orla Mining Ltd. (“Orla Mining”)

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

1075 West Georgia Street, Suite 1010, Vancouver, British Columbia, Canada V6E 3C9

 

Item 2(a). Name of Person Filing:

This statement is being jointly filed by the following persons (collectively, the “Reporting Persons”):

 

1.V. Prem Watsa, an individual;
2.The Second 810 Holdco Ltd. (“810 Holdco”), a corporation incorporated under the laws of Canada;
3.The Second 1109 Holdco Ltd. (“Holdco”), a corporation incorporated under the laws of Canada;
4.The Sixty Two Investment Company Limited (“Sixty Two”), a corporation incorporated under the laws of British Columbia;
5.12002574 Canada Inc. (“12002574”), a corporation incorporated under the laws of Canada;
6.Fairfax Financial Holdings Limited (“Fairfax”), a corporation incorporated under the laws of Canada;
7.FFHL Group Ltd. (“FFHL Group”), a corporation incorporated under the laws of Canada;
8.Fairfax (US) Inc. (“Fairfax US”), a corporation incorporated under the laws of Delaware;
9.Odyssey US Holdings Inc. (“Odyssey”), a corporation incorporated under the laws of Delaware;
10.Odyssey Group Holdings, Inc. (“Odyssey Group”), a corporation incorporated under the laws of Delaware;
11.Odyssey Reinsurance Company (“Odyssey Reinsurance”), a corporation incorporated under the laws of Connecticut;
12.Crum & Forster Holdings Corp. (“Crum & Forster”), a corporation incorporated under the laws of Delaware;
13.United States Fire Insurance Company (“US Fire”), a corporation incorporated under the laws of Delaware;
14.Zenith National Insurance Corp. (“ZNIC”), a corporation incorporated under the laws of Delaware;
15.Zenith Insurance Company (“Zenith”), a corporation incorporated under the laws of California;
16.Northbridge Financial Corporation (“Northbridge Financial”), a corporation incorporated under the laws of Canada;
17.Federated Insurance Company of Canada (“Federated”), a corporation incorporated under the laws of Canada;
18.Northbridge General Insurance Corporation (“NGIC”), a corporation incorporated under the laws of Canada
19.CRC Reinsurance Limited (“CRC”), a corporation incorporated under the laws of the Barbados;
20.1102952 B.C. Unlimited Liability Company (“1102952”), a corporation incorporated under the laws of British Columbia;
21.Allied World Assurance Company Holdings, Ltd. (“Allied Holdings”), a corporation incorporated under the laws of Bermuda;
22.Allied World Assurance Company Holdings I, Ltd (“Allied Holdings I”), a corporation incorporated under the laws of Bermuda;
23.Allied World Assurance Company, Ltd (“Allied Assurance”), a corporation incorporated under the laws of Bermuda;
24.Allied World Assurance Holdings (Ireland) Ltd (“Allied Ireland”), a corporation incorporated under the laws of Bermuda;
25.Allied World Assurance Holdings (U.S.) Inc. (“Allied U.S.”), a corporation incorporated under the laws of Delaware;
26.Allied World Insurance Company (“Allied Insurance”), a corporation incorporated under the laws of New Hampshire
27.Allied World Assurance Company (U.S.) Inc. (“Allied Assurance U.S.”), a corporation incorporated under the laws of Delaware; and
28.Allied World National Assurance Company (“Allied National”), a corporation incorporated under the laws of New Hampshire.

 

 

 

 

Item 2(b). Address of Principal Business Office:

The addresses of the Reporting Persons are as follows:

 

1.Mr. Watsa’s principal business address is 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada M5J 2N7;
2.The principal business address and principal office address of 810 Holdco is 95 Wellington Street West, Suite 802, Toronto, Ontario, Canada M5J 2N7;
3.The principal business address and principal office address of Holdco is 95 Wellington Street West, Suite 802, Toronto, Ontario, Canada M5J 2N7;
4.The principal business address and principal office address of Sixty Two is 1600 Cathedral Place, 925 West Georgia St., Vancouver, British Columbia, Canada V6C 3L2;
5.The principal business address and principal office address of 12002574 is 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada M5J 2N7;
6.The principal business address and principal office address of Fairfax is 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada M5J 2N7;
7.The principal business address and principal office address of FFHL Group is 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada M5J 2N7;
8.The principal business address and principal office address of Fairfax US is 2850 Lake Vista Drive, Suite 150, Lewisville, Texas, USA 75067;
9.The principal business address and principal office address of Odyssey is 1209 Orange Street, Wilmington, Delaware, USA 19801;
10.The principal business address and principal office address of Odyssey Group is 300 First Stamford Place, Stamford, Connecticut, USA 06902;
11.The principal business address and principal office address of Odyssey Reinsurance is 300 First Stamford Place, Stamford, Connecticut, USA 06902;
12.The principal business address and principal office address of Crum & Forster is 1209 Orange Street, Wilmington, Delaware, USA 19801;
13.The principal business address and principal office address of US Fire is 1209 Orange Street, Wilmington, Delaware, USA 19801;
14.The principal business address and principal office address of ZNIC is 21255 Califa Street, Woodland Hills, California, USA 91367-5021;
15.The principal business address and principal office address of Zenith is 21255 Califa Street, Woodland Hills, California, USA 91367-5021;
16.The principal business address and principal office address of Northbridge Financial is 105 Adelaide Street West, 7th Floor, Toronto, Ontario, Canada M5H 1P9;
17.The principal business address and principal office address of Federated is 55 Standish Court, Suite 300, Mississauga, Ontario, Canada L5R 4B2;
18.The principal business address and principal office address of NGIC is 105 Adelaide Street West, 7th Floor, Toronto, Ontario, Canada M5H 1P9;
19.The principal business address and principal office address of CRC is #12 Pine Commercial, The Pine, St Michael, Barbados BB11103;
20.The principal business address and principal office address of 1102952 is 1600-925 West Georgia Street, Vancouver, British Columbia, Canada V6C 3L2;
21.The principal business address and principal office address of Allied Holdings is 27 Richmond Road, Pembroke, Bermuda HM 08;
22.The principal business address and principal office address of Allied Holdings I is 27 Richmond Road, Pembroke, Bermuda HM 08;
23.The principal business address and principal office address of Allied Assurance is 27 Richmond Road, Pembroke, Bermuda HM 08;
24.The principal business address and principal office address of Allied Ireland is 27 Richmond Road, Pembroke, Bermuda HM 08;
25.The principal business address and principal office address of Allied U.S. is 1209 Orange Street, Wilmington, Delaware, USA 19801;
26.The principal business address and principal office address of Allied Insurance is 10 Ferry Street, Suite 313, Concord, New Hampshire, USA 03301;
27.The principal business address and principal office address of Allied Assurance U.S. is 251 Little Falls Drive, Wilmington, Delaware, USA 19808; and
28.The principal business address and principal office address of Allied National is 10 Ferry Street, Suite 313, Concord, New Hampshire, USA 03301.

 

 

 

 

Item 2(c). Citizenship:

V. Prem Watsa is a citizen of Canada.

 

Item 2(d). Title of Class of Securities:

Common Shares

 

Item 2(e). CUSIP Number:

68634K106

 

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

(a)  ¨ Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o); 

(b)  ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); 

(c)   ¨ Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); 

(d)   ¨ An Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); 

(e)   ¨ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); 

(f)   ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); 

(g)  ¨ A parent holding company or control person, in accordance with §240.13d-1(b)(1)(ii)(G); 

(h)   ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); 

(i)    ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); 

(j)    ¨ A non-US institution in accordance with §240.13d-1(b)(1)(ii)(J); 

(k)   ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K).

 

Item 4. Ownership.

The aggregate number and percentage of common shares of Orla Mining (“Shares”) that are beneficially owned by each of the Reporting Persons are set forth in rows 9 and 11 of the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference.

 

The number of Shares as to which each of the Reporting Persons has sole voting power, shared voting power, sole dispositive power and shared dispositive power is set forth in rows 5, 6, 7 and 8, respectively, on the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference.

 

Neither the filing of this Schedule 13G nor the information contained herein shall be deemed to constitute an affirmation by any of the Reporting Persons that such person is the beneficial owner of the Shares referred to herein for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed.

 

Item 5. Ownership of Five Percent or Less of a Class.

Not applicable.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

 

Item 8. Identification and Classification of Members of the Group.

See attached Exhibit No. 1.

 

Item 9. Notice of Dissolution of Group.

Not applicable.

 

Item 10. Certification.

By signing below each Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023 V. Prem Watsa
     
  By: /s/ V. Prem Watsa
       

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023 The Second 810 Holdco Ltd.
     
  By: /s/ V. Prem Watsa
    Name: V. Prem Watsa
    Title: Director

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023 The Second 1109 Holdco Ltd.
     
  By: /s/ V. Prem Watsa
    Name: V. Prem Watsa
    Title: President

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023 The Sixty Two Investment Company Limited
     
  By: /s/ V. Prem Watsa
    Name: V. Prem Watsa
    Title: President

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023 12002574 Canada Inc.
     
  By: /s/ V. Prem Watsa
    Name: V. Prem Watsa
    Title: President

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023 Fairfax Financial Holdings Limited
     
  By: /s/ Peter Clarke
    Name: Peter Clarke
    Title: President and Chief Operating Officer

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023 FFHL Group Ltd.
     
  By: /s/ V. Prem Watsa
    Name: V. Prem Watsa
    Title: President

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Fairfax (US) Inc.
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Odyssey US Holdings Inc
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Odyssey Group Holdings, Inc.
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Odyssey Reinsurance Company
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Crum & Forster Holdings Corp.
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   United States Fire Insurance Company
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Zenith National Insurance Corp.
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Zenith Insurance Company
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Northbridge Financial Corporation
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Federated Insurance Company of Canada
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Northbridge General Insurance Corporation
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   CRC Reinsurance Limited
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023 1102952 B.C. Unlimited Liability Company
     
  By: /s/ Peter Clarke
    Name: Peter Clarke
    Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023 Allied World Assurance Company Holdings, Ltd
     
  By: /s/ Peter Clarke
    Name: Peter Clarke
    Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023 Allied World Assurance Company Holdings I, Ltd
     
  By: /s/ Peter Clarke
    Name: Peter Clarke
    Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023 Allied World Assurance Company, Ltd
     
  By: /s/ Peter Clarke
    Name: Peter Clarke
    Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Allied World Assurance Holdings (Ireland) Ltd.
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Allied World Assurance Holdings (U.S.) Inc.
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Allied World Insurance Company
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Allied World Assurance Company (U.S.) Inc.
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 11, 2023   Allied World National Assurance Company
         
    By: /s/ Peter Clarke
      Name: Peter Clarke
      Title: Attorney-in-Fact

 

 

 

 

Exhibit Index

 

Exhibit No.   Description
1 Members of filing group
2 Joint Filing Agreement dated as of December 11, 2023 among the Reporting Persons.
3 Power of attorney, dated March 9, 2020 (incorporated by reference to Exhibit 8 to the Schedule 13D filed by certain of the Reporting Persons with the SEC on March 9, 2020)
4 Power of attorney, dated June 14, 2021 (incorporated by reference to Exhibit 5 to the Schedule 13D filed by certain of the Reporting Persons with the SEC on June 14, 2021)