VANCOUVER, BRITISH
, Apr 01, 2011 (MARKETWIRE via COMTEX News Network) --
TimminsGold Corp. (TSX: TMM) today announced that despite continued supportfrom Capital Gold's shareholders for a merger with Timmins Gold, theacquisition of Capital Gold by Gammon appears to have been approved bythe narrowest margin.
Bruce Bragagnolo, CEO of Timmins Gold, commented: "Almost all of Capital Gold's fundamental institutional,as well as a large retail contingent, continuously supported our mergerproposal. We are very grateful for their commitment to Timmins Gold andthank these fundamental investors for their support. We have no regretsand look forward to continuing to grow Timmins Gold and building valuefor our shareholders."
"Timmins Gold also thanks Steve Isenbergand Chris Dingle of M Partners, and Adam Givertz and Christian Kurtz ofShearman and Sterling, LLP for their guidance and hard work throughoutthis process."
This press release contains forward-looking.Forward-looking statements are statements which relate to future eventsand are predictions that involve known and unknown risks, uncertaintiesand other factors. While forward-looking statements, and anyassumptions upon which they are based, reflect current judgmentregarding the direction of Timmins Gold's business, actual results willalmost always vary, sometimes materially. Except as required byapplicable law, Timmins Gold does not intend to update anyforward-looking statements.
About Timmins Gold
Focused inMexico, Timmins Gold Corp. became a gold producer in April 2010 with thecommencement of commercial production at its wholly owned San FranciscoMine in Sonora, Mexico. In addition, the Company has an extensiveportfolio of gold projects in Mexico.
Neither the TSX nor itsRegulation Services Provider (as that term is defined in the policies ofthe TSX) accepts responsibility for the adequacy or accuracy of thisrelease.
Contacts: Timmins Gold Corp. Bruce Bragagnolo CEO and Director 604-638-8980 bruce@timminsgold.com www.timminsgold.com
SOURCE: Timmins Gold Corp.
mailto:bruce@timminsgold.com https://www.timminsgold.com
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