Proceeds of non-brokered deal will be used at Livengood Gold project
By Devika Patel
Knoxville, Tenn., Nov. 10 - International Tower Hill Mines Ltd. announced it completed a non-brokered private placement of stock.
The company sold 4.9 million common shares at C$6.25 per share for C$30.63 million. The price per share reflects an 11.11% premium to the Nov. 9 closing share price of C$8.12.
In addition, the company sold an additional 11.96 million shares at the same price in a bought deal short form prospectus financing for C$74.75 million.
Proceeds from both deals will be used for work on the company's Livengood Gold project in Alaska and for general working capital purposes.
International Tower is a resource exploration company based in Vancouver, B.C.
| Issuer: | International Tower Hill Mines Ltd.
|
| Issue: | Common stock
|
| Amount: | C$30,625,000
|
| Units: | 4.9 million
|
| Price: | C$6.25
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Nov. 10
|
| Stock symbol: | Toronto: ITH
|
| Stock price: | C$8.12 at close Nov. 9
|
| Market capitalization: | C$547.87 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
