swanlinbar
3 years ago
THM- Nice Insider Buy! Name and Address of Reporting Person*
DRESCHER ANTON J
(Last) (First) (Middle)
#507 - 837 WEST HASTINGS STREET
(Street)
VANCOUVER A1 V6C 3N6
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL TOWER HILL MINES LTD [ THM ] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/25/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Deferred Share Unit (DSU) $1.31(1) 05/25/2021 A 63,359 (2) (2) Common stock 63,359 $0 482,130 D
Explanation of Responses:
swanlinbar
3 years ago
THM-International Tower Hill Mines Announces Results from 2021 Annual General and Special Meeting of Shareholders
8:01 am ET May 26, 2021 (PR Newswire) Print
International Tower Hill Mines Ltd. (the "Company") - (TSX: ITH) (NYSE: THM) announces the results from its 2021 Annual General and Special Meeting of shareholders held in Fairbanks, AK, USA on Tuesday, May 25, 2021 ("Meeting").
At the Meeting, the Company's shareholders elected the following individuals as directors of the Company, with all receiving a majority of the votes cast, as follows:
Director Votes For Votes Withheld
Anton Drescher 122,696,294 (89.60%) 14,234,312 (10.40%)
Karl Hanneman 136,626,271 (99.78%) 304,335 (0.22%)
Stuart Harshaw 133,597,206 (97.57%) 3,333,400 (2.43%)
Marcelo Kim 136,624,723 (99.78%) 302,883 (0.22%)
Stephen Lang 133,627,606 (97.59%) 3,303,000 (2.41%)
Christopher Papagianis 136,626,352 (99.78%) 304,254 (0.22%)
Thomas Weng 136,623,265 (99.78%) 307,341 (0.22%)
The shareholders re-appointed the current auditors, Davidson & Company LLP, Chartered Accountants, as auditors of the Company for the fiscal year ending December 31, 2021 and authorized the directors to fix their remuneration.
The shareholders approved an amendment to the Company's Notice of Articles (90.64% majority) and an amendment and restatement of the Company's Articles (88.91% majority).
The shareholders approved, on an advisory non-binding basis ("Say on Pay"), the compensation paid to the Company's executive officers (91.52% majority). The shareholders re-approved the 2017 Deferred Share Unit Incentive Plan (97.12% majority) and re-approved the 2006 Incentive Stock Option Plan (89.87% majority).
The detailed proxy voting on all resolutions submitted to the shareholders at the Meeting is contained in the "Report of Voting Results" for the Meeting which will be available under the Company's profile on SEDAR and on the Company's website or upon request by contacting the Company at 1-855-428-2825.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls 100% of the Livengood Gold Project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.
On behalf ofInternational Tower Hill Mines Ltd.
(signed) Karl L. HannemanChief Executive Officer
This news release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
https://c212.net/c/img/favicon.png?sn=TO90551&sd=2021-05-26
View original content:http://www.prnewswire.com/news-releases/international-tower-hill-mines-announces-results-from-2021-annual-general-and-special-meeting-of-shareholders-301299849.html
SOURCE International Tower Hill Mines Ltd.
https://rt.prnewswire.com/rt.gif?NewsItemId=TO90551&Transmission_Id=202105260800PR_NEWS_USPR_____TO90551&DateId=20210526
swanlinbar
3 years ago
THM International Tower Hill Mines Files 2020 Year End Financial Results
8:00 am ET March 10, 2021 (Dow Jones) Print
International Tower Hill Mines Files 2020 Year End Financial Results
Canada NewsWire
VANCOUVER, BC, March 10, 2021
VANCOUVER, BC, March 10, 2021 /CNW/ - International Tower Hill Mines Ltd. (the "Company") - (TSX: ITH) (NYSE American: THM) today announced that it has filed its audited Year-End Financial Statements and associated Management Discussion and Analysis on Form 10-K for the year ended December 31, 2020.
As of December 31, 2020, the Company had working capital of US$12.7 million.
The Company previously announced a 2021 budget of $5.6 million, the key element of which is the completion of an updated Pre-Feasibility Study on the Livengood Gold Project that is planned for release in October 2021.
Shareholders can obtain copies of the Company's audited Year-End Financial Statements and associated Management Discussion and Analysis and Form 10-K on SEDAR at: www.sedar.com, EDGAR at www.sec.gov and on the Company's website at: www.ithmines.com. The Company will also provide hard copies of these documents, free of charge, to shareholders who request a copy directly from the Company.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. has a 100% interest in its Livengood Gold Project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.
On behalf of
International Tower Hill Mines Ltd.
(signed) Karl L. Hanneman
Chief Executive Officer
This news release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
View original content:http://www.prnewswire.com/news-releases/international-tower-hill-mines-files-2020-year-end-financial-results-301244082.html
SOURCE International Tower Hill Mines Ltd.
Harleyman
6 years ago
International Tower Hill Mines Announces US $12 Million Non-Brokered Private Placement and Electrum as New Shareholder
Vancouver, British Columbia, March 14, 2018 - International Tower Hill Mines Ltd. (TSX: ITH, NYSE-American: THM) (“ITH” or the “Company”) announced today that it has completed a non-brokered private placement (the “Offering”) pursuant to which it has issued 24,000,000 common shares (14.8% of the 162.4 million shares currently issued and outstanding) at a price of US $0.50 per share for aggregate gross proceeds of US $12 million.
The Company intends to use the proceeds of the Offering for the continuation of optimization studies in efforts to further improve and de-risk the Livengood Gold Project, required environmental baseline studies, and for general working capital purposes.
Under the Offering, an institutional shareholder that is new to the Company, Electrum Strategic Opportunities Fund II, L.P. (“Electrum”), an investment fund managed by The Electrum Group LLC., acquired 19,894,528 shares. The balance of the shares were taken by an existing institutional shareholder of the Company, Paulson & Co. Inc. (“Paulson”), which acquired 4,105,472 shares. Following completion of the Offering, Paulson will own 32.0% of the issued and outstanding shares, while Electrum will hold 10.7%.
The Company also announced today that it appointed Stuart Harshaw to the Company’s board of directors effective April 1, 2018, and intends to nominate Company CEO Karl Hanneman to stand for election to the board of directors at the forthcoming annual general meeting. Mr. Harshaw is a seasoned mining executive with a successful international career at Vale and Inco. He earned a BS in Metallurgical Engineering from Queen’s University and an MBA from Laurentian University.
Marcelo Kim, the Chair of the Board, said “We are delighted to welcome Electrum as a new shareholder of ITH and Mr. Harshaw to the Board. This financing uniquely positions ITH with sufficient financial resources for the next 4 to 5 years as we continue to advance the Livengood Gold Project towards one day becoming one of North America’s biggest gold mines.”
Igor Levental, Electrum’s President, said “ITH is an excellent fit for Electrum. Its multi-million ounce Livengood Gold Project located in Alaska, the second largest gold-producing state in the US, is exactly the type of project we seek to invest in. Furthermore, what makes ITH particularly special among developers in the precious metals space is its management team with an exceptional track record of advancing and permitting mines in Alaska, a strong board with an incredible depth of experience in taking assets up the value chain in a disciplined fashion and top tier long-term value-oriented investors involved with the Company. We are looking forward to joining the ITH family.”
On March 12, 2018 the Board approved a 2018 budget of $5.1 million. The work program incorporated in this budget will build upon the metallurgical studies undertaken in 2017 to continue to define and refine the project flowsheet. Using the improved mineralization and alteration models now available for the Livengood gold deposit arising from the work completed in 2017, 4000 kg of metallurgical composites have been selected based on location within the deposit and shipped to SGS Vancouver. Portions of these samples will be processed in 2018 to determine whether different recovery or cost parameters should be applied to different portions of the orebody. The engineering firm of BBA Inc. will be retained to continue to guide the metallurgical program. Work is also planned to advance the environmental baseline efforts needed to support future permitting.
Karl Hanneman, Chief Executive Officer, said “I am pleased to continue the technical work that can potentially improve and certainly will serve to de-risk the Livengood Gold Project. ITH has unique and positive fundamentals, given our land status and proximity to Fairbanks, size of the gold resource and the leverage opportunity for gold investors.”
The Board has also approved recommendations by management to further reduce corporate overhead costs beginning in 2018, including a reduction in CEO salary by 50% reflecting an approximate 50% reduction in the effort needed to perform the CEO duties, a reduction in board member cash compensation and expense, and staff reductions as appropriate when critical work is completed. Depending upon the level of technical work or permitting efforts underway in future years, these cost savings should bring total project G&A costs into the range of $2.5 million/year, providing the opportunity for a multi-year runway from the proceeds of the Offering.
As set forth in the Company’s April 2017 NI-43-101 Technical Report, the Livengood Gold Project has a measured and indicated gold resource of 11.5 million ounces with an all-in-cost of $1,247/oz. The large resource size and current market valuation, together with the favorable and stable Alaska jurisdiction, makes the Livengood Gold Project one of the most attractive highly leveraged gold projects in the world. Going forward, the potential for reduced project G&A costs could provide the time necessary for the gold market to reward patient investors.
The shares of common stock sold in the Offering were offered and sold in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The shares may not be offered or sold by the purchasers in the United States, absent registration or an applicable exemption from registration requirements. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls a 100% interest of the Livengood Gold Project, located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.
On behalf of
International Tower Hill Mines Ltd.
(signed) Karl L Hanneman
Chief Executive Officer
Contact Information:
Richard Solie, Jr., Manager - Investor Relations
E-mail: rsolie@ithmines.com
Direct line: 907-328-2825 / Toll-Free: 1-855-428-2825
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein, including statements with respect to the proposed use of the proceeds of the Offering by the Company, the ability of the Company to carry out and complete optimization studies with respect to the Livengood Gold Project, the ability of the Company to advance the Livengood Gold Project, the potential development of any mine at Livengood, business and financing plans and business trends are forward-looking statements. Although the Company believes that such 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, , the use of proceeds from the Offering, the potential inability of the Company 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 report on Form 10-K and other reports filed with the United States Securities and Exchange Commission, and certain securities commissions in Canada 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 latest technical report filed with respect to the Livengood Gold Project.
This news release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States or Canada.
alidare
6 years ago
<Let's take International Tower Hill Mines (THM) as a good example. It may not be the best gold mine project in the world, because it has lower grade and higher cost to build and mine, but it has excellent *leverage* to the gold price. Right now, when the gold price is below $1,300, most investors see little value in it, because it will cost about $1,450-$1,500 per ounce to build the mine and then get its 8 to 12 million ounces of gold out of the ground. So right now the stock price is very, very cheap. But if the gold price is $1,700, suddenly those 8 to 12 million ounces become massively profitable to mine.
Now, I'm not predicting or expecting $1,700 gold in 2018. But if gold even breaks above $1,400 in 2018, for the first time since 2013, more and more investors and traders will begin to prepare for and anticipate $1,500 and $1,700 gold. The money will rush back into stocks like THM. They won't wait for the actual $1,700 gold price, if they see the momentum in that direction.
Keep in mind, I'm not always a gold bug or a gold bull. This past spring, I cautioned people to get out of most junior gold miners. The momentum was weak and the stock prices still had plenty of room to fall. Which they did from September to December. But now I see the sector bottoming, and the stock prices have come back down to bargain values again. So this is the time when I love to be a buyer again. THM is just one example>........
https://seekingalpha.com/article/4134080-gold-modern-world-2018-outlook
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