Intl. Tower Hill Mines

Published : November 24th, 2014

International Tower Hill Mines Announces CAD 8.4 Million Non-Brokered Private Placement

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

International Tower Hill Mines Announces CAD 8.4 Million Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 24, 2014) - International Tower Hill Mines Ltd. (ITH.TO)(NYSE MKT:THM)("ITH" or the "Company") announces that it has arranged a non-brokered private placement financing (the "Offering") of common shares to raise gross proceeds of approximately CAD 8.4 million.

The Offering will consist of 18,245,000 common shares of the Company at a price of CAD 0.46 per share. The transaction is anticipated to close on or before December 12, 2014. The Company intends to use the net proceeds of the private placement for advancement of optimization studies on the Livengood Gold Project in Alaska and for general working capital purposes.

The Offering will be taken up by certain current institutional shareholders (17,850,000 shares) and by certain directors and members of management (395,000 shares). The Company has determined that there are exemptions available from the various requirements of Multilateral Instrument 61-101 for the issuance of any common shares issued to related parties.

All common shares issued in the Offering will be subject to a hold period in Canada of four months from the closing of the Offering. All common shares issued in the United States will be subject to resale restrictions under U.S. federal and state securities laws. Completion of the Offering is subject to the Company obtaining all necessary regulatory approvals, including acceptance for filing by the Toronto Stock Exchange and the approval of the NYSE-MKT.

The common shares to be issued in the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable securities laws of any state of the United States and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the common shares to be issued in the Offering, nor shall there be any offer or sale of the common shares to be issued in the Offering in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. controls a 100% interest in the world-class Livengood Gold Project, located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.

On behalf of International Tower Hill Mines Ltd.

(signed) Thomas E. Irwin

Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein, including statements with respect to the anticipated completion of the Offering and the proposed use of the proceeds of the Offering by the Company, the ability of the Company to carry out and complete optimization studies with respect to the Livengood Gold Project, the ability of the Company to advance the Livengood Gold Project, the potential development of any mine at Livengood, business and financing plans and business trends are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, proposed, planned, potential and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, risks associated with the timing and pricing of the Offering, completion of the Offering, regulatory approval/acceptance of the Offering, the use of proceeds from the Offering, the potential inability of the Company to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's annual report on Form 10-K and other reports filed with the United States Securities and Exchange Commission (the "SEC"), and certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the latest technical report filed with respect to the Company's Livengood Gold Project.

This news release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

NR14-07

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Intl. Tower Hill Mines

DEVELOPMENT STAGE
CODE : ITH.TO
ISIN : CA46051L1040
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Intl. Tower Hill is a gold development stage company based in Canada.

Intl. Tower Hill develops gold and silver in USA, and holds various exploration projects in USA.

Its main asset in development is LIVENGOOD in USA and its main exploration properties are BMP, PAINTED HILLS and COFFE DOME in USA.

Intl. Tower Hill is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 121.6 millions as of today (US$ 97.3 millions, € 85.2 millions).

Its stock quote reached its lowest recent point on April 29, 2005 at CA$ 0.25, and its highest recent level on February 25, 2011 at CA$ 9.99.

Intl. Tower Hill has 162 190 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Intl. Tower Hill Mines
9/18/2012International Tower Hill Closes Second Tranche of Non-Broker...
7/19/2012International Tower Hill Increases Non-Brokered Private Plac...
7/12/2012International Tower Hill Announces Up To $25,000,000 Non-Bro...
2/17/2011International Tower Hill Receives Share Ownership Top-Up Not...
4/7/2010 Closes Final Tranche of CAD 30,000,000 Non-Brokered Equity ...
3/16/2010CAD 30,000,000 Non-Brokered Equity Financing
8/26/2009Closes AngloGold Ashanti Top Up Private Placement
3/5/2009Closes $10,500,000 Bought Deal Equity Financing
2/17/2009Increase in Bought Deal Equity Financing
2/12/2009 Announces Bought Deal Equity Financing
Option Grants of Intl. Tower Hill Mines
8/24/2012International Tower Hill Grants Incentive Options
Nominations of Intl. Tower Hill Mines
1/30/2013International Tower Hill Announces Resignation of a Director
1/9/2012International Tower Hill Mines Names Thomas E. Irwin as New ...
4/14/2010Appointment of Timothy Haddon and Daniel Carriere as new Dir...
Financials of Intl. Tower Hill Mines
8/15/2012International Tower Hill Files 2012 Second Quarter Financial...
5/11/2012International Tower Hill Files 2012 First Quarter Financial ...
Project news of Intl. Tower Hill Mines
7/23/2013(Livengood)International Tower Hill Mines Announces Livengood Gold Proj...
11/7/2012(Livengood)International Tower Hill Provides an Update on the Livengood...
6/19/2012(Livengood)International Tower Hill Mines Announces Update on the Liven...
1/26/2012(Livengood)International Tower Hill Mines Selects Engineering Firms for...
12/14/2011(Livengood)International Tower Hill Mines Acquires Mining Claims Near L...
6/9/2011(Livengood)International Tower Hill Mines Intersects 92.9 Metres of 1.6...
5/3/2011(Livengood)International Tower Hill Mines Intersects 33.5 Metres of 8.0...
3/30/2011(Livengood)International Tower Hill Mines Intersects Additional Zones o...
3/15/2011(Livengood)International Tower Hill Mines Hires Construction Manager fo...
2/5/2011(Livengood)International Tower Hill Intersects 13.7 metres of 5.45 g/t ...
6/16/2010(Livengood)Announces Resource Update, Livengood Gold Project, Alaska
5/11/2010(Livengood)Continues to Grow New High-Grade SW Zone, Livengood Project
4/26/2010(Livengood)Expands Higher Grade SW and Sunshine Zones at Livengood Proj...
3/22/2010(Livengood)Expands Livengood Deposit with First Results of Winter Drill...
3/10/2010(Livengood)Increases Indicated Resources at Livengood Gold Project
3/8/2010(Livengood)Announces Key Positive Metallurgical Test Results for Liveng...
3/4/2010(Terra) Signs LOI to Form Production Joint Venture on Terra Project
2/4/2010(Livengood)Begins 50,000 Metre 2010 Exploration Drill Program at Liveng...
12/4/2009Coffee Dome Drilling Intersects Gold System 17Km East of For...
11/30/2009(Livengood)Positive Preliminary Economic Assessment Results
11/12/2009(Livengood) Continues to Expand Livengood Gold Project, Alaska
11/5/2009(Chisna)Reaches JV Agreement on Chisna Copper
11/2/2009(Livengood)Continues to Expand the Livengood Gold Project
9/30/2009(Livengood)Expands the Sunshine Zone at Livengood
9/9/2009(Livengood)Latest Drill Results From Livengood Gold Project, Alaska
9/2/2009(Coffe Dome)Begins Drilling at Coffee Dome Project, Alaska
8/4/2009(North Bullfrog)Signs Agreement to Acquire 100% Interest in North Bullfrog
8/5/2009(Livengood)Delineates Major New Zone of Gold Mineralization at Livengoo...
6/26/2009(Livengood)Resource Update at Livengood, Alaska
6/10/2009(Livengood)Livengood Gold Project, Alaska Summer Drilling Program Comme...
3/10/2009(Livengood)Doubles Planned 2009 Drill Program for Livengood Gold Projec...
3/2/2009(Livengood)First Two Holes of 2009 Winter Drill Program
2/9/2009(Livengood)Livengood Gold Project, Alaska Winter Drilling Program Comme...
Corporate news of Intl. Tower Hill Mines
5/6/2016International Tower reports 1Q loss
3/16/2016International Tower reports 4Q loss
10/30/2015International Tower Hill Mines Files 2015 Third Quarter Fina...
8/6/2015International Tower reports 2Q loss
8/6/2015International Tower Hill Mines Files 2015 Second Quarter Fin...
3/26/2015International Tower Hill Mines Appoints Karl Hanneman as Chi...
3/11/2015International Tower Hill Mines Files 2014 Year End Financial...
1/6/2015International Tower Hill Mines Announces Progress on Livengo...
12/18/2014International Tower Hill Mines Announces Management Change
11/24/2014International Tower Hill Mines Announces CAD 8.4 Million Non...
11/5/2014International Tower Hill Mines Files 2014 Third Quarter Fina...
8/7/2014International Tower Hill Mines Files 2014 Second Quarter Fin...
8/7/2014International Tower Hill Mines Files 2014 Second Quarter Fin...
5/7/2014International Tower Hill Mines Files First Quarter 2014 Fina...
9/9/2013(Livengood)International Tower Hill Mines Files NI 43-101 Technical Rep...
8/8/2013International Tower Hill Mines Announces Addition to the Boa...
7/31/2013International Tower Hill Mines Files 2013 Second Quarter Fin...
6/7/2013International Tower Hill Mines Announces Results from Annual...
5/9/2013International Tower Hill Mines Files 2013 First Quarter Fina...
4/24/2013International Tower Hill Mines Comments on Recent Gold Marke...
3/13/2013International Tower Hill Mines Announces Corporate Update an...
12/11/2012(Livengood)International Tower Hill Announces Positive Metallurgical Te...
8/21/2012International Tower Hill Reports New High-Grade Gold Interce...
8/2/2012International Tower Hill Mines Announces New Manager of Inve...
6/29/2012International Tower Hill Mines Announces Interim Chief Execu...
4/4/2012International Tower Hill Recognizes Alaska Progress Made Tow...
3/21/2012International Tower Hill Mines Files Audited Annual Financia...
3/6/2012(Livengood)International Tower Hill Mines Validates Resource Estimate a...
2/27/2012International Tower Hill Mines Reports Historical Resource o...
1/16/2012International Tower Hill Mines Changes Fiscal Year End
1/4/2012International Tower Hill Mines Grants Options
12/20/2011International Tower Hill Mines Appoints Robert D. Comer as I...
8/29/2011International Tower Hill Mines Files 2011 Audited Annual Fin...
8/23/2011International Tower Hill Announces Surface Mine Measured & I...
8/16/2011International Tower Hill Mines Appoints Harold Galbriath as ...
7/28/2011International Tower Hill Mines Grants Stock Options
5/10/2011International Tower Hill Mines Appoints James Komadina as Ne...
5/6/2010 Signs Key Exploration Agreement with Ahtna
2/11/2010Receives Share Ownership Top-up Notice from AngloGold Ashant...
1/12/2010Hires Chief Operating Officer
11/26/2009to Begin Trading on Toronto Stock Exchange
11/18/2009Receives Conditional Toronto Stock Exchange Listing Approval
10/13/2009Expands Livengood Gold Resource by 64%
7/10/2009Receives Share Ownership Top-up Notice from AngloGold Ashant...
7/3/2009Retains Renmark Financial Communications Inc.
5/20/2009Receives Proceeds of $23,114,288 from Warrant/Broker Option ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (ITH.TO)AMEX (THM)
0.750+2.74%0.591+5.54%
TORONTO
CA$ 0.750
08/12 16:47 0.020
2.74%
Prev close Open
0.730 0.740
Low High
0.740 0.750
Year l/h YTD var.
0.670 -  1.44 -22.68%
52 week l/h 52 week var.
0.670 -  1.44 -28.57%
Volume 1 month var.
1,150 8.70%
24hGold TrendPower© : 4
Produces
Develops Gold
Explores for Bismuth - Copper - Gold - Nickel - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/27/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-44.03%
2021-24.72%1.961.21
2020161.76%3.070.43
20191.49%0.940.60
201819.64%0.990.48
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.18+0.84%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.36-4.45%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.37+2.43%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59+0.51%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.70+0.75%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.35+3.09%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26-11.86%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.34+19.64%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.08+3.48%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 65.55+1.69%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :