Timmins Gold Corp T.TMM

Timmins news release.

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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 31, 2015) - Timmins Gold Corp.(TMM.TO)(NYSE MKT:TGD) ("Timmins Gold" or the "Company") is pleased to announce that it has reached an agreement with its lenders Sprott Resource Lending Partnership ("Sprott") and Morgan Stanley Capital Group Inc. ("Morgan Stanley") for a one month term extension of the existing US$10.2 million credit facility due on December 31, 2015.

"Debt refinancing arrangements are well advanced and this extension allows the time required to close a transaction," stated Mark Backens, Interim CEO of Timmins Gold. "We would like to thank our lenders at Sprott and Morgan Stanley for their support and assistance during this process."

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Looks like a take over is being considered  "  and this extension allows the time required to close a transaction," stated Mark Backens, int