Timmins Gold Corp. (“Timmins Gold” or “the Company”) (TSX:TMM)(NYSE:TGD) is pleased to confirm closing of its previously announced bought deal offering of 36,400,000 units of the Company (the “Units”), at a price C$0.55 per Unit for gross proceeds to the Company of approximately C$20 million (the “Offering”).
The Units were issued in a public offering in all of the provinces of Canada, other than Quebec, pursuant to a short form prospectus dated November 28, 2016, and were underwritten by a syndicate of underwriters led by National Bank Financial Inc. and RBC Capital Markets and including BMO Nesbitt Burns Inc., PI Financial Inc., Scotia Capital Inc. and TD Securities Inc.