VANCOUVER, BC, Sept. 3, 2020 /PRNewswire/ - International
Tower Hill Mines Ltd. (TSX: ITH) (NYSE-American: THM) (the
"Company") announced today that it will host a webinar and
teleconference on Wednesday, September 9,
2020 to provide an update to shareholders and investors
regarding the major shareholder participation in the At-The-Market
("ATM") financing announced on September 2,
2020.
In the September 2 announcement,
the Company noted that its four largest shareholders took
$7.9 million of a US $10.3 million At-The-Market ("ATM") Offering at
the September 1, 2020 closing market
price of US $1.40 per share.
Karl Hanneman, Chief Executive
Officer, said "We accomplished several goals with this financing.
First, we ensured more than enough funding to complete the
Pre-Feasibility Study ("PFS") before us as well as give us an
excellent runway to advance the project beyond the PFS in the best
manner for shareholders. Second, we gained an opportunity to
increase our market exposure and coverage by building a
relationship with B. Riley, an experienced firm who understands
Alaska and our project. And third,
we respected all shareholders by keeping the capital raise tight
and without a discount. I am most appreciative of the support of
our major shareholders who continue to recognize Livengood's great
attributes of size, location, leverage, and value. "
The Company invites you to attend a conference call and webcast
hosted by Chairman Marcelo Kim, Lead
Independent Director Steve Lang, and
CEO Karl Hanneman to discuss the
Company and this news release.
Conference Call & Webcast Details:
INTERNATIONAL TOWER HILL
MINES's conference call and webcast details are provided below:
Date:
|
Wednesday, September
9, 2020 at 12:00 pm ET
|
Webcast:
|
https://services.choruscall.com/links/thm200909.html
|
North American
callers:
|
1-877-270-2148
|
International
callers:
|
1-412-902-6510
|
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls a 100% interest of
the Livengood Gold Project, located along the paved Elliott
Highway, 70 miles north of Fairbanks,
Alaska.
On behalf of
International Tower Hill Mines Ltd.
(signed) Karl L.
Hanneman
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 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, 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, 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
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 or Canada.
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SOURCE International Tower Hill Mines Ltd.