Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Bullboard Posts
Post by elmacanuckon Jul 08, 2011 8:47am
513 Views
Post# 18809805

Timmins Recieves order for

Timmins Recieves order for

Timmins receives orders for shares held by Pacific Road


2011-07-07 17:16 ET - News Release

Mr. Bruce Bragagnolo reports

TIMMINS GOLD ANNOUNCES UPDATE ON PROPOSED SALE OF PACIFIC ROAD BLOCK


A syndicate comprising M Partners, National Bank Financial and Paradigm Capital has confirmed orders with a number of institutional investors for the 25,205,090 common shares of Timmins Gold Corp. held by funds managed or advised by Pacific Road Capital Management Pty. Ltd. The offering will be by special warrant, with each special warrant exchangeable for one common share held by Pacific. The price is $2.51 per special warrant.

The special warrant transaction is expected to close on or about July 18, 2011, at which time the purchase funds and the common shares will be escrowed with Computershare. Timmins Gold will file a short form prospectus to qualify the common shares underlying the special warrants following the closing. Upon clearing of the prospectus, the escrow will release. If a receipt for a (final) prospectus has not been issued by the Ontario Securities Commission by a date to be determined, the escrowed funds and shares will be returned to the depositing parties, unless the purchasers elect to complete the transaction with the required securities laws restrictions for private placements.

We seek Safe Harbor.

Bullboard Posts