Seeking Alpha

Timmins Gold -12.7% on bought-deal financing

  • Timmins Gold (TGD -12.7%) is plunging today on news it plans to sell C$25M ($22.7M) in equity to a syndicate of banks at C$1.50 each, a significant discount to TGD's closing price of C$1.73 yesterday in Toronto.
  • TGD's deal, designed to strengthen its balance sheet, builds on a wave of offerings that may signal a thaw in the financing environment for miners, which have long been out of favor with investors.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: