Timmins Gold / Alio Gold Announces Effective Date of Name Change, Share Consolidation and Results of AGM


VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 12, 2017) – Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) (“Timmins Gold” or the “Company”) provides the following update.

Name Change and Share Consolidation

The name change to Alio Gold Inc. and 10:1 consolidation of the Company’s common shares was approved at the 2017 Annual General and Special Meeting of shareholders of the Company held earlier today and is now effective. Following the share consolidation, the number of outstanding securities of the Company will be approximately 35,562,860 common shares. The common shares are expected to commence trading on the Toronto Stock Exchange and the New York Stock Exchange MKT on a post-consolidation basis on May 16, 2017 under the ticker symbol ALO on both exchanges.

Information for Holders of Common Shares

The Company has mailed a letter of transmittal (“Letter of Transmittal”) to its registered holders of common shares which must be completed and returned to Computershare Investor Services Inc. (“Computershare”) at the address specified in the Letter of Transmittal, together with share certificates for the pre-consolidation common shares, in order to receive share certificates for the relevant number of post-consolidation common shares to which shareholders are entitled. Questions on how to complete the Letter of Transmittal, or requests for additional copies of the Letter of Transmittal, may be directed to Computershare at 1-800-564-6253 or by e-mail to corporateactions@computershare.com.

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