Timmins Gold

On site at present, Timmins Gold's mining and crushing operations are continuing with the available Komatsu shovel and six Caterpillar 100 ton trucks until the full mining fleet arrives. Over 100,000 metric tonnes of ore have been stacked on the heap leach pads and gold leaching has begun.

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Timmins gold Private placement ( Sprott)

Timmins Gold

over 15 years ago

Timmins Gold 6.25-million-share private placement

2009-03-16 20:25 ET - Private Placement

The TSX Venture Exchange has accepted for expedited filing documentation with respect to the first tranche of a non-brokered private placement announced March 2, 2009.

Number of shares: 6.25 million shares

Purchase price: 40 cents per share

Warrants: 3,125,000 share purchase warrants to purchase 3,125,000 shares

Warrant exercise price: 60 cents for a one-year period

Number of placees: one

Pro group: Sprott Asset Management Inc. (portfolio managed) 6.25 million

Finder's fee: $200,000 payable to Long Wave Strategies Inc. (Janice Advent)