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International Tower Hill Mines Announces Shareholder Update and Conference Call Related to $7.9 Million Participation by Existing Major Shareholders in US $10.3 Million Public ATM Offering
International Tower Hill Mines Announces Shareholder Update and Conference Call Related to...
About this update from International Tower Hill Mines Ltd.
[{"type":"text","content":"\n\n\n\nInternational Tower Hill Mines Announces Shareholder Update and Conference Call Related to $7.9 Million Participation by Existing Major Shareholders in US $10.3 Million Public ATM Offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, Sept. 3, 2020\n\n\n\nVANCOUVER, BC, Sept. 3, 2020 /CNW/ - 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.\nIn 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. \nKarl 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. \"\nThe Company invites you to attend a conference call and webcast hosted by Chairman Marcelo Kim, Lead...