Timmins Gold Corp. and Newstrike Capital Inc. announced the completion of the previously announced plan of arrangement pursuant to which Timmins Gold has acquired ownership of all of the issued and outstanding common shares of Newstrike, being 116,786,781 shares. Newstrike is now a wholly-owned subsidiary of Timmins Gold.

In connection with the closing of the arrangement, Timmins Gold increased the size of its board of directors to nine, with Mark Backens, a former director of Newstrike being appointed to the Timmins Gold board of directors.