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)