International Tower Hill Mines Files Audited Annual Financial Statements for Seven-Month Transitional Fiscal 2011 Year
March 21 2012 - 8:00AM
Marketwired
International Tower Hill Mines Ltd. ("ITH" or the "Company")
(TSX:ITH)(NYSE Amex:THM)(FRANKFURT:IW9) announces that, pursuant to
changing its fiscal year-end to December 31, on March 20, 2012 it
filed its audited financial statements and associated management
discussion and analysis for its seven-month transitional fiscal
year ended December 31, 2011. These documents will be available for
viewing on SEDAR and EDGAR and on the Company's website on
Wednesday, March 21, 2012.
The Company also plans to file its Annual Information Form and
Annual Report on Form 40F for the fiscal year ended December 31,
2011 on Friday, March 23, 2012 and anticipates these documents will
become available for viewing on SEDAR and EDGAR on Monday, March
26, 2012.
This change in year-end will better align the Company's
financial reporting with its operational and budgeting cycle as
well as align the financial reporting to those of other industry
participants in the mineral resource exploration, development and
production sectors (who typically have December 31st fiscal year
ends) so as to better enable marketplace assessment of the
Company's business performance. Going forward, the Company's fiscal
quarters will end on the last day of March, June, September and
December each year.
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 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, 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 inability of the Company to obtain any necessary
permits, consents or authorizations required for its activities,
the inability of the Company 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 Livengood
property.
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.
NR12-08
Contacts: International Tower Hill Mines Ltd. Shirley Zhou
Vice-President - Corporate Communications 604-343-4799 or
Toll-Free: 1-855-208-4642 Ext. 13szhou@ithmines.com
www.ithmines.com
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