Timmins Gold completes C$28.4 million bought deal offering

Date Closed: 2/11/2014

Value: C$28.4 million

On February 11, 2014, Timmins Gold Corp. (the Company) confirmed the closing of its previously announced bought-deal offering of 18,920,000 common shares of the Company (the Shares), inclusive of 2,250,000 Shares issued pursuant to the partial exercise of the underwriters' over-allotment option, at a price of C$1.50 per Share for aggregate gross proceeds of C$28,380,000 (the Offering). The Shares were issued in a public offering in certain provinces of Canada pursuant to a short form prospectus dated February 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.

BLG represented RBC Dominion Securities Inc. and the underwriting syndicate with a team led by Graeme Martindale that included Fred Pletcher, Stephen Robertson and Robert Wallis.