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International Tower Hill Mines Announces US$3.9 Million Non-Brokered Private Placement to Advance Livengood Gold Project with Antimony Study
International Tower Hill Mines Announces US$3.9 Million Non-Brokered Private Placement to Advance...
About this update from International Tower Hill Mines Ltd.
[{"type":"text","content":"\n\n\n\n International Tower Hill Mines Announces US$3.9 Million Non-Brokered Private Placement to Advance Livengood Gold Project with Antimony Study\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.prntal{\nTEXT-ALIGN: LEFT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 4, 2025\n \n\n /CNW/ - International Tower Hill Mines Ltd. (the \"Company\") - (TSX: ITH) (NYSE American: THM) today announced that it has completed a non-brokered private placement (the \"Private Placement\") pursuant to which the Company issued common shares to existing major shareholders to raise gross proceeds of approximately\n \n US$3.9 million\n \n to be used in part to study the massive stibnite antimony mineralization at the Livengood Gold Project.\n \n\n The Private Placement consisted of 8,192,031 common shares of the Company, representing approximately 4.1% of the 199.7 million shares issued and outstanding prior to the completion of the Private Placement, at a price of\n \n US$0.4801\n \n per share, the closing price of the Company's common shares on the NYSE American on\n \n February 25, 2025\n \n . The Private Placement was taken up by current institutional shareholders of the Company, Paulson & Co. Inc., Electrum Strategic Opportunities Fund II L.P. and Kopernik Global Investors, LLC on behalf of itself and affiliates. The Company intends to use the net proceeds of the Private Placement for working capital and general corporate purposes, including advancing antimony metallurgical studies. Following completion of the Private Placement, the Company has 207,885,473 common shares issued and outstanding.\n \n\n The Company's most recent S-K 1300 Technical Report Summary, \"Pre-Feasibility Study of the Livengood Gold Project\", as amended\n \n October 13, 2023\n \n , presented a new geologic model for the Livengood deposit and detailed gold metallurgical work that allowed the relationship between gold recovery and antimony mineralization to be characterized. During this geological modelling process, 54 veins of massive stibnite were detailed with antimony ...