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International Tower Hill Mines Announces the Closing of US $10.3 Million Public ATM Offering
International Tower Hill Mines Announces the Closing of US $10.3 Million Public ATM Offer...
About this update from International Tower Hill Mines Ltd.
[{"type":"text","content":"\n \n \n \n International Tower Hill Mines Announces the Closing of US $10.3 Million Public ATM Offering\n \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 \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Oct. 16, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 16, 2020\n \n /CNW/ - International Tower Hill Mines Ltd. (TSX: ITH) (NYSE-American: THM) (the \"Company\") today announces that, further to its previous announcement of\n \n September 2, 2020\n \n , the Company has now raised the full US\n \n $10.3 million\n \n available pursuant to its At-The-Market (\"ATM\") offering with B. Riley Securities, Inc. (the \"Offering\").\n \n \n The Company issued a total of 7,334,513 common shares at an average price of US\n \n $1.40\n \n for gross proceeds of US\n \n $10.3 million\n \n . The Company intends to use the net proceeds of the Offering for working capital and general corporate purposes, including the completion of the Pre-Feasibility Study (\"PFS\") announced on\n \n July 15, 2020\n \n to further de-risk the Livengood Gold Project and for environmental baseline studies. Following completion of the Offering, the Company has 194,908,184 common shares issued and outstanding.\n \n \n \n Karl Hanneman\n \n , Chief Executive Officer, said \"With completion of this financing, we ensured that the Company has more than enough funding to complete the PFS by October of next year. After completion of the PFS, this financing also gives us an excellent runway to advance the Livengood Gold Project in a disciplined and optimum manner for shareholders.\"\n \n \n This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.\n \n \n \n About International Tower Hill Mines Ltd.\n \n \n \n International Tower Hill Mines Ltd. controls a 100% interest of the Livengood Gold Project, located along the paved Elliott Highway, 70 ...