International Tower Hill Mines Announces Results from Annual General Meeting of Shareholders
June 07 2013 - 3:48PM
Marketwired
International Tower Hill Mines Ltd. ("ITH" or the "Company") -
(TSX:ITH)(NYSE MKT:THM)(FRANKFURT:IW9) announces the results from
its 2013 Annual General Meeting of shareholders held in Vancouver,
B.C. on Thursday, June 6, 2013 ("Meeting").
At the Meeting, the Company's shareholders fixed the size of the
board at six and the following individuals were re-elected as
directors of the Company (all receiving over 50% of the votes
cast): Daniel Carriere, Mark Hamilton, Timothy Haddon, Anton
Drescher, Roger Taplin and Donald Ewigleben. The shareholders also
re-appointed the current auditors, PricewaterhouseCoopers LLP,
Chartered Accountants, as auditors of the Company for the fiscal
year ending December 31, 2013 and authorized the directors to fix
their remuneration.
The shareholders approved, on an advisory non-binding basis
("Say on Pay"), the compensation paid to the Company's NEO's, and a
majority of the shareholders were in favour of holding Say on Pay
votes every year.
The shareholders also approved an amendment to the Articles of
the Company which implements a requirement for advance notice in
connection with the nomination of individuals for election as
director of the Company ("Advance Notice Requirements"). The
purpose of the Advance Notice Requirements is to provide
shareholders, directors and management of the Company with a clear
framework for nominating directors of the Company. The Company is
committed to: (a) facilitating an orderly and efficient annual
general or, where the need arises, special meeting, process; (b)
ensuring that all shareholders receive adequate notice of director
nominations and sufficient information regarding all director
nominees; and (c) allowing shareholders to register an informed
vote after having been afforded reasonable time for appropriate
deliberation. The Advance Notice Requirements are intended to
further these objectives.
The Advance Notice Requirements, which are effective today,
include, among other things, a provision that requires advance
notice to the Company in certain circumstances where nominations of
persons for election to the Board of Directors are made by
shareholders of the Company. The Advance Notice Requirements fix a
deadline by which director nominations must be submitted to the
Company prior to any annual or special meeting of shareholders and
sets forth the information that must be included in the notice to
the Company. No person will be eligible for election as a director
of the Company unless nominated in accordance with these
requirements. In the case of an annual meeting of shareholders,
notice to the Company must be made not less than 30 days and not
more than 65 days prior to the date of the annual meeting;
provided, however, that, in the event that the annual meeting is to
be held on a date that is less than 50 days after the date on which
the first public announcement of the date of the annual meeting was
made, notice may be made not later than the close of business on
the 10th day following such public announcement.
The full text of the Advance Notice Requirements, together with
the detailed proxy voting on all resolutions submitted to the
shareholders at the Meeting, is contained in the "Report of Voting
Results" for the Meeting which is available under the Company's
profile on SEDAR and on the Company's website or upon request by
contacting the Company's Corporate Secretary at (604) 683-6332.
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 northwest of Fairbanks, Alaska.
On behalf of
International Tower Hill Mines Ltd.
Donald C. Ewigleben, President & Chief Executive Officer
Contacts: International Tower Hill Mines Ltd. Michelle Stachnik
Manager - Investor Relations Toll-Free: 1-855-208-4642 Ext.
203mstachnik@ithmines.com
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