Sept 14 (Reuters) - Orla Mining OLA.V :
* Orla Mining and Pershimco Resources announce merger
* Existing Orla shareholders to hold about 36.2 pct of newco shares on a fully diluted basis with remaining 19.1 pct to be held by investors
* Each Pershimco shareholder will receive 0.19 of a newco share for each Pershimco common share
* In addition, each Pershimco shareholder will receive 0.04 of a class a common share of newco for each Pershimco share held
* Under terms of arrangement agreement, each Pershimco shareholder will receive 0.19 of a newco share for each Pershimco common share held
* Existing Pershimco shareholders will hold approximately 44.7 pct of newco shares on a fully diluted in money basis
* Orla Mining says intends to raise up to c$50 million via a private placement of subscription receipts at price of $1.75/subscription receipt
* Says Marc Prefontaine will be CEO of the new company Source text for Eikon: ID:nCCN8ZTdqR Further company coverage: OLA.V