West Timmins Mining Inc.
TSX : WTM

West Timmins Mining Inc.

May 21, 2009 12:29 ET

West Timmins Mining Inc.: Increase in Size of New Issue

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 21, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

West Timmins Mining Inc. ("West Timmins" or the "Company") (TSX:WTM) announces that it has amended the agreement entered into with a syndicate of underwriters led by Raymond James Ltd. and including Canaccord Capital Corporation, Haywood Securities Inc., and Wellington West Capital Markets Inc., such that the underwriters have agreed to buy, via private placement, $11,500,000.65 of securities of the Company (increased from $9,000,000), comprised of units at an issue price of $0.75 per unit and/or flow-through shares at an issue price of $0.86 per flow-through share (the "Offering"), subject to a maximum of $6,500,000.40 of gross proceeds from the issue of flow-through shares. All other terms and conditions of the Offering will remain the same except that the over-allotment option is no longer applicable.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Contact Information

  • West Timmins Mining Inc.
    Mr. John Toporowski
    Manager, Investor Relations
    (604) 685-8311