Timmins Gold Corp. Announces C$20 Million Bought Deal Offering of Units

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/896-tsx/tmm/26582-timmins-gold-corp-announces-c-20-million-bought-deal-offering-of-units.html

Timmins Gold Corp. (“Timmins Gold”) (TSX:TMM)(NYSE MKT:TGD) is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by National Bank Financial Inc. and RBC Capital Markets (the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 36,400,000 units of the Company (the “Units”) at a price of C$0.55 per Unit for gross proceeds to the Company of approximately C$20 million (the “Offering”).

Each Unit will consist of one common share of Timmins Gold (each, a “Common Share”) and one half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one common share of Timmins Gold at a price of C$0.70 at any time prior to the date which is 18 months following completion of the Offering.

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