pdcon1.   The $1.50 underwriting was completed in Q1 when gold was $1,280 being down from the previous year, no indications that it might fall to $1,000.  Currently there are those who think that Gold will fall to $1,200 .

I'm sure we all hope that TMM will be in the $2 + range soon but have to realize with the world situation etc TMM is currently a gamble.  I think if I remember correctly you added more @ $1.85 so are pretty secure.  May have got a little scare yesterday.

Anyway, wishing you the best



immins Gold closes $28.38-million bought deal offering

2014-02-11 08:29 ET - News Release


Mr. Bruce Bragagnolo reports


Timmins Gold Corp. has closed its previously announced bought deal offering of 18.92 million common shares of the company, inclusive of 2.25 million shares issued pursuant to the partial exercise of the underwriters' overallotment option, at a price of $1.50 per share for gross proceeds of $28.38-million. The shares were issued in a public offering in certain provinces of Canada pursuant to a short form prospectus dated Feb. 4, 2014, filed with certain Canadian securities regulators, and were underwritten by a syndicate of underwriters led by RBC Dominion Securities Inc. and including BMO Nesbitt Burns Inc., TD Securities Inc., GMP Securities L.P., National Bank Financial Inc., Scotia Capital Inc. and PI Financial Corp.

The estimated net proceeds of the offering will be $26,635,000 after deducting fees and expenses of the offering. The company intends to use the net proceeds of the offering to partially repay the amount outstanding under its credit facility with Sprott Resource Lending Partnership pursuant to the terms of a credit agreement between the company and Sprott dated May 27, 2011, as amended, with the balance of the net proceeds of the offering to be retained by the company for working capital.

We seek Safe Harbor.