Timmins Gold denies claim it rebuffed potential buyers

|By:, SA News Editor

Timmins Gold (TGD -9.4%) is denying allegations made by Sentry Investments, which launched a proxy fight against TGD on Monday, that it rebuffed potential buyers that were interested in the company.

TGD rejects Sentry's claim that companies with superior growth prospects were denied due diligence access; the miner says one potential suitor made an informal proposal which was brought to the board’s attention and was given due diligence access, while other parties were provided information under confidentiality agreements.

TGD also says it tried to resolve its issues with Sentry privately to avoid the proxy contest, and invited the fund manager to propose director candidates.