International Tower Hill Mines Announces Addition to the Board of Directors
August 08 2013 - 9:00AM
Marketwired
International Tower Hill Mines Ltd. ("ITH" or the "Company") -
(TSX:ITH)(NYSE MKT:THM)(FRANKFURT:IW9) announces the addition of
Thomas Weng to its Board of Directors, effective August 5, 2013.
The appointment of Mr. Weng increases the number of directors on
the ITH board from six to seven. Mr. Weng will serve as an
independent director on both the compensation and audit
committees.
"Mr. Weng brings a wealth of financial background to the board
of International Tower Hill Mines," said Don Ewigleben, President
and CEO of ITH. "His extensive experience in equity capital markets
and portfolio management, covering the metals and mining space,
will be invaluable as we continue to advance the Livengood project
and continue discussions with potential strategic partners."
Mr. Weng has over 22 years of experience in the financial
services sector. He is currently the Co-Founding Partner of Alta
Capital Partners, a provider of investment banking services,
globally. Previously, Mr. Weng was a Managing Director at Deutsche
Bank and Head of Equity Capital Markets for Metals and Mining
throughout the Americas and Latin America, across all industry
segments. Mr. Weng has also held various senior positions at
Pacific Partners, an alternative investment firm, and Morgan
Stanley.
Mr. Weng holds a Bachelors of Arts degree in Economics from
Boston University.
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
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and
forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable Canadian and US
securities legislation, including statements regarding advancement
of the Livengood Gold Project, discussions with potential strategic
partners, and the Company's implementation of a cash conservation
plan. The likelihood of future mining at the Livengood Gold Project
is subject to a large number of risks and will require achievement
of a number of technical, economic and legal objectives, including
obtaining necessary mining and construction permits, completion of
further feasibility studies, preparation of all necessary
engineering for workings and processing facilities as well as
receipt of significant additional financing to fund these
objectives as well as funding mine construction. Such funding may
not be available to the Company on acceptable terms or on any terms
at all. Although the Company believes that such forward-looking
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, specific risks inherent in the mining business as
well as general economic and business conditions, 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, including the price of
gold, the inability of the Company to enter into arrangements with
strategic alliance partners to secure additional funding, or at
all, the inability of the Company to obtain any necessary permits,
consents or authorizations required for its activities, the
inability of the Company to reduce its costs sufficiently while at
the same time maintaining essential environmental baseline
activities to support the permitting process, 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 (10-K) filed with certain
securities commissions in Canada and the Company's annual report on
Form 10-K 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 Gold Project.
NR13-09
Contacts: International Tower Hill Mines Michelle Stachnik
Manager, Investor Relations 855-208-4642 Ext.
203mstachnik@ithmines.com TMX Equicom Michael Moore Investor
Relations 619-467-7067mmoore@tmxequicom.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