WEEKLY ONLINE NEWS STORY
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| November 26, 2014 --- Vol. 08, No. 48 | November 2014
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Alaska News Nuggets
FINANCE – International Tower Hill Mines Ltd. Nov. 24 reported the arrangement of a non-brokered private placement financing to raise about C$8.4 million. The offering will consist of 18,245,000 common shares of the company at a price of C46 cents per share. International Tower Hill intends to use the net proceeds of the financing for optimization studies on the Livengood gold project in Interior Alaska and for general working capital purposes. Certain current institutional shareholders are expected to purchase 17.85 million shares and certain directors and members of management are expected to buy the remaining 395,000 shares. All shares issued will be subject to a hold period in Canada of four months from the closing of the offering. All shares issued in the United States will be subject to resale restrictions under U.S. federal and state securities laws. The transaction is anticipated to close on or before Dec. 12, 2014.
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