Timmins Gold Announces Closing of C$6 million Private Placement


VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 19, 2015) – Timmins Gold Corp. (TSX:TMM) (NYSE MKT:TGD) (“Timmins Gold” or the “Company”) is pleased to announce, further to its news release of September 18, 2015, the closing of a C$6.0 million non-brokered private placement by Goldcorp Inc. (“Goldcorp”) consisting of 20 million units of Timmins Gold (the “Private Placement”) at a price of C$0.30 per unit.

The use of proceeds of the Private Placement will be to pay for the cost of the removal of the plant from the El Sauzal Mine site.

Leave a Reply