International Tower Hill Mines Ltd. ("ITH" or the "Company")
(TSX:ITH)(NYSE Amex:THM)(FRANKFURT:IW9) announces an update on the
results from its annual general meeting of shareholders held on
Thursday, November 17, 2011. At the meeting, the shareholders fixed
the size of the board at 8 and elected three new members to the
Company's board of directors: Donald Ewigleben, Roger Taplin and
Mark Hamilton. Mr. Ewigleben has also been appointed as the new
Chairman of the Board. The shareholders also re-appointed the
current auditors, MacKay LLP.
Election of Directors
At the meeting, ITH shareholders elected eight directors,
including the following three new directors:
Donald C. Ewigleben
Mr. Ewigleben is a lawyer with 35 years of experience in the
mining industry overseeing legal, regulatory environmental and
government affairs. He is currently the President and Chief
Executive Officer of Uranium Resources, Inc., a uranium producer
with ISR mining projects in the state of Texas. Previously, he was
President and Chief Executive Officer of AngloGold Ashanti North
America and served as the Executive Officer - Sustainability &
Legal Affairs for AngloGold Ashanti in the Americas. Mr. Ewigleben
served as the Executive Officer - Law, Safety, Health &
Environment for AngloGold Ashanti Ltd. in Johannesburg, South
Africa in 2006 and 2007. Prior to becoming the CEO of AngloGold in
2004, Mr. Ewigleben served as President and CAO and as Vice
President and General Counsel. Before joining AngloGold in 2000, he
was the Vice President, Environmental and Public Affairs, for Echo
Bay Mines. Prior to AngloGold and Echo Bay, Mr. Ewigleben served in
various capacities for AMAX Gold and AMAX Coal Industries. He began
his career as a governmental affairs representative for AMAX in
Washington, DC and multiple state legislatures. He has been
responsible for the development of several award-winning
environmental programs and has directed the permitting for many
successful operations in the United States, Canada, Mexico, Russia,
New Zealand and the Philippines.
Mr. Ewigleben has served on the Board of Directors for the
National Mining Association, the Gold Institute, the Mining
Association of Canada, numerous state and provincial coal and
hard-rock mining associations and as a trustee of the Northwest
Mining Association, the Eastern Mineral Law Foundation and the
Rocky Mountain Mineral Law Foundation. A graduate of the Indiana
University School of Law, he also holds Bachelor of Science degrees
in American history, political science and music from Ball State
University. Mr. Ewigleben is a member of the American Bar
Association and is admitted to the practice of law in Colorado and
Indiana.
Mark R. Hamilton
Mr. Hamilton retired as a U.S. Army Major General following 31
years of active military duty, primarily in the fields of teaching,
management and administration. Most recently, he was the past
president of the University of Alaska System from 1998 to 2011.
Prior to 1998, Mr. Hamilton served as Chief of Staff of the Alaskan
Command at Elmendorf Air Force Base and Commander of Division
Artillery at Fort Richardson. He is a graduate of the U.S. Military
Academy at West Point and is the recipient of the Army's highest
peacetime award, the Distinguished Service Medal. He received his
Masters degree in English Literature from Florida State University.
In addition, he graduated from the Armed Forces Staff College in
Virginia, and the U.S. Army War College in Pennsylvania. Mr.
Hamilton currently serves as a director of the Aerospace
Corporation Board and on the BP Advisory Board and Alaska Sealife
Center Board. He previously served as a Director of Alaska Air
Group Inc. from 2001 to February 9, 2011.
Roger R. Taplin
Mr. Taplin is a partner in McCarthy Tetrault's Business Law
Group and is the co-leader of the Global Mining Group. His practice
is primarily focused on the areas of mergers and acquisition and
securities, particularly in the mining sector.
Mr. Taplin's experience includes advising on significant mining
M&A transactions, including friendly and hostile takeover bids.
Prior to joining McCarthy Tetrault in May 2003, he was a partner at
Deneys Reitz Attorneys in Johannesburg, South Africa. During 1998,
he was seconded to Slaughter and May solicitors in London, UK, as a
visiting lawyer. He received a BA in Political Science (cum laude)
and Law in 1992 and his LLB in 1994 from the University of
Witwatersrand. Mr. Taplin was called to the British Columbia bar in
2003 and was admitted as an attorney of the High Court of South
Africa in 1997.
The three new directors join ITH's Chief Executive Officer,
James J. Komadina, and current directors Jeffrey Pontius, Anton
Drescher, Daniel Carriere and Timothy Haddon, each of whom were
re-elected to the board. These directors will all hold office until
the next ITH annual meeting. The three new directors replaced
Hendrik Van Alphen, who had served as chairman of the board since
2006; Ronald Sheardown, who first joined the board in 2007; and
Steve Aaker, who first joined the board in 2009.
"We are very pleased to welcome three outstanding new directors
to the ITH Board," said Mr. Komadina, Chief Executive Officer of
ITH. "Their unique and extensive backgrounds will help guide the
Company as it moves forward in the development of Alaska's next
major gold mine at Livengood. I would like to also take this
opportunity on behalf of all shareholders to thank Henk Van Alphen,
Ron Sheardown and Steven Aaker for their many years of service and
contribution to the positioning of International Tower Hill Mines
for its next stages of growth."
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls a 100% interest in
the world-class Livengood Gold Project accessible by paved highway
70 miles north of Fairbanks, Alaska. In 2012 ITH is focused on the
rapid advancement of the Livengood project into a compelling
potential development scenario while it continues to expand its
current resource and explore its 145 km2 district for new
deposits.
On behalf of International Tower Hill Mines Ltd.
James J. Komadina, 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, without limitation,
statements regarding the anticipated content, commencement and cost
of exploration programs, anticipated exploration program results,
the discovery and delineation of mineral
deposits/resources/reserves, the potential for a production
decision to be made in respect of the Livengood Project, the
potential for the development of a mine, and any production, at the
Livengood project, 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 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, variations in the
nature, quality and quantity of any mineral deposits that may be
located, variations in the market price of any mineral products the
Company may produce or plan to produce, the Company's inability to
obtain any necessary permits, consents or authorizations required
for its activities, the Company's inability to produce minerals
from its properties successfully or profitably, to continue its
projected growth, 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 Information Form
filed with certain securities commissions in Canada and the
Company's annual report on Form 40-F filed with the United States
Securities and Exchange Commission (the "SEC"), 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
technical reports filed with respect to the Company's mineral
properties.
This press release is not, and is not to be construed in any way
as, an offer to buy or sell securities in the United States.
Contacts: International Tower Hill Mines Ltd. Shirley Zhou
Vice-President - Corporate Communications 1-888-770-7488 (toll
free) or (604) 638-3247 (604) 408-7499
(FAX)szhou@ithmines.comwww.ithmines.com
International Tower Hill... (TSX:ITH)
Historical Stock Chart
From Jun 2024 to Jul 2024
International Tower Hill... (TSX:ITH)
Historical Stock Chart
From Jul 2023 to Jul 2024