WTM COMPLETES $1,950,000 NON-BROKERED, FLOW-THROUGH PRIVATE PLACEMENT
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION THROUGH U.S. NEWSWIRE SERVICES
(Vancouver, August 13, 2008) West Timmins Mining Inc. (TSX: WTM) (the "Company") announced today that the non-brokered private placement announced August 7, 2008 was successfully closed August 13, 2008. Net proceeds of $1,950,000 were raised by the Company through the issue of 3,000,000 flow-through common shares at a price of $0.65 per flow-through common share. Proceeds of the private placement will be used to fund the recently announced 22,000 metre Diamond drill program on the Company's Thunder Creek Property in Timmins, Ontario and for continued drill testing of the Company's West Timmins Gold Project.
The securities issued in connection with this private placement will be subject to a six-month hold period from the closing date of the placement. No finder's fees were paid, and no warrants issued, in conjunction with the completion of this placement.
About West Timmins Mining Inc. (www.westtimminsmining.com):
WTM is focussed on the exploration and development of district-scale gold and related base metal projects in the major gold camps of North America. Drilling has recently resumed on the Company's Thunder Creek Joint Venture in Timmins, Ontario. Drill testing of the La Dura Copper Porphyry discovery continues on the Company's 100% owned Monta�a de Oro Project in Sonora, Mexico. West Timmins Mining is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.
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On behalf of the Board of West Timmins Mining Inc.
"Darin W. Wagner"
Darin W. Wagner President and Chief Executive Officer
For further information contact: Darin W. Wagner, President & CEO West Timmins Mining Inc., Vancouver Tel: (604) 685-8311 / Toll Free: (866) 685-8311 E-mail: info@westtimminsmining.com
The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
For further details on West Timmins Mining Inc. please refer to prior disclosure at www.sedar.com. The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended, or under any U.S. state securities laws, and such securities may not be offered or sold in the United States absent an exemption from such registration requirements.
This press release contains forward looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "expected to", "plans", "planned" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward looking statements is subject to a number of risks, including those described in the Company's annual information form as filed with the Canadian securities regulators which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward looking statements.
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