International Tower Hill Mines Announces Shareholder Update and Conference Call Related to $7.9 Million Participation by Existing Major Shareholders in US $10.3 Million Public ATM Offering
1177 West Hastings Street
Suite 2300
Vancouver, BC
Canada V6E 2K3
Tel: 604.683.6332
Fax: 604.408.7499
www.ithmines.com
NR20-08 September 3, 2020
International Tower Hill Mines Announces Shareholder Update and
Conference Call Related to $7.9 Million Participation by
Existing Major Shareholders in US $10.3 Million Public ATM Offering
Vancouver, British Columbia, September 3, 2020 - International Tower Hill Mines Ltd. (TSX: ITH, NYSE-
American: THM) (the “Company”) announced today that it will hos t a webinar and teleconference on
Wednesday, September 9, 2020 to p rovide an update to shareholde rs and investors regarding the major
shareholder participation in the At-The-Market (“ATM”) financing announced on September 2, 2020.
In the September 2 announcement, the Company noted that its fou r largest shareholders took $7.9 million
of a US $10.3 million At-The-Market (“ATM”) Offering at the September 1, 2020 closing market price of
US $1.40 per share.
Karl Hanneman, Chief Executive Officer, said “We accomplished s everal goals with this financing. First,
we ensured more than enough funding to complete the Pre-Feasibi lity Study (“PFS”) before us as well as
give us an excellent runway to advance the project beyond the P FS in the best manner for shareholders.
Second, we gained an opportunity to increase our market exposure and coverage by building a relationship
with B. Riley, an experienced firm who understands Alaska and o ur project. And third, we respected all
shareholders by keeping the capital raise tight and without a discount. I am most appreciative of the support
of our major shareholders who continue to recognize Livengood’s great attributes of size, location, leverage,
and value. “
The Company invites you to attend a conference call and webcast hosted by Chairman Marcelo Kim, Lead
Independent Director Steve Lang, and CEO Karl Hanneman to discuss the Company and this news release.
Conference Call & Webcast Details:
INTERNATIONAL TOWER HILL MINES’s conference call and webcast details are provided below:
Date: Wednesday, September 9, 2020 at 12:00 pm ET
Webcast: https://services.choruscall.com/links/thm200909.html
North American callers: 1-877-270-2148
International callers: 1-412-902-6510
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
International Tower Hill Mines Ltd. - 2 - September 3, 2020
NR20-08 Continued
Contact Information: Richard Solie, Jr., Manager - Investor Rel ations
E-mail: [email protected]
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 forw ard-looking information (collectively,
“forward-looking statements”) within the meaning of applicable Canadian and US securities legislation.
All statements, other than state ments of historical fact, inclu ded herein, including statements with respect
to the proposed use of the proceeds of the Offering by the Comp any, the ability of the Company to carry
out and complete optimization studies with respect to the Liven good Gold Project, the ability of the
Company to advance the Livengood Gold Project, the potential de velopment of any mine at Livengood,
business and financing plans and business trends are forward-lo oking statements. Although the Company
believes that such statements are reasonable, it can give no as surance 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 s imilar expressions, or are those, which, by
their nature, refer to future events. The Company cautions inve stors that any forward-looking statements
by the Company are not guarantees of future results or performa nce, 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 inabil ity 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 file d with the United States Securities and
Exchange Commission, and certain securities commissions in Cana da 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 Un ited 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.