BRIEF-Riso Kyoiku's sales seen growing 10 pct for FY ending Feb 2018 - Nikkei
* Riso Kyoiku's group pretax profit is expected to jump 20 percent to 2.5 billion yen ($22.6 million) in the year ending February 2018 - Nikkei
TORONTO Jan 22 Timmins Gold Corp, which owns the San Francisco gold mine in Mexico, said on Wednesday it had agreed to sell C$25 million worth of equity to a syndicate of banks as it seeks to strengthen its balance sheet.
The syndicate led by RBC Capital Markets will buy the shares at a price of C$1.50 per common share, a 13.3 percent discount to Timmins' closing price of C$1.73 on the Toronto Stock Exchange on Tuesday. The transaction was done as a bought deal.
A bought deal occurs when an underwriter, or a syndicate, buy shares from an issuer before selling them to the public. The deals typically occur at a slight discount to a company's last trading price.
The company said proceeds will be used for general corporate purposes, including repayment of debt and working capital needs.
* Gordhan says not recalled, "just asked to come back" (Adds London fund managers on Gordhan meetings)