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Stock impact report

International Tower Hill Mines Announces US$2.5 Million Non-Brokered Private Placement [Yahoo! Finance]

International Tower Hill Mines, Ltd. Ordinary Shares (Canada) (THM) 
NASDAQ:AMEX Investor Relations: ithmines.com
Company Research Source: Yahoo! Finance
has completed a non-brokered private placement (the "Private Placement") pursuant to which it has issued common shares to existing major shareholders to raise gross proceeds of approximately USD $2.5 million The Private Placement consisted of 3,807,911 common shares of the Company, representing approximately 1.9% of the 195.9 million common shares issued and outstanding prior to the completion of the Private Placement, at a price of USD$0.664 per common share, the closing price of the Company's common shares on the NYSE American on January 12 , 2024. The Private Placement was taken up by current institutional shareholders of the Company, Paulson & Co. Inc., Sprott Asset Management USA , Inc., and Kopernik Global Investors, LLC on behalf of Heptagon plc Kopernik Global All-Cap Equity Fund. The Company intends to use the net proceeds of the Private Placement for general working capital purposes. Following completion of the Private Placement, the Company has 199,693,442 common shares i Show less Read more
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