(Reuters) - Canadian miner Timmins Gold Corp TMM.V plans to directly approach the shareholders of Capital Gold CGC.A with its offer, after the New York-based gold miner ended buyout talks.

Earlier this month, Capital Gold ended talks of being taken over by Timmins, paving the way to be bought by Gammon Gold GAM.TO for $288 million in cash and stock.

Timmins, which has operations in Mexico, said it will file a registration statement containing an offer with the U.S. Securities and Exchange Commission and Canadian securities regulators so that Capital Gold stockholders will have the opportunity to select its proposal over the Gammon deal.

"Shareholders holding approximately 35 percent of the shares of Capital Gold have expressed their support for our merger proposal," Timmins chief executive Bruce Bragagnolo said in a statement.

Timmins Gold shares, which have gained 31 percent in value since offering to merge with Capital Gold in September, closed at C$2.46 on Wednesday on the Toronto Venture Exchange.

(Reporting by Isheeta Sanghi in Bangalore; Editing by Sriraj Kalluvila)