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. [ID:nN01107959] 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.
Source
