International Tower Hill Mines Announces US$60 Million Offering of Common Shares and Concurrent US$40 Million Private Placement

Core Viewpoint - International Tower Hill Mines Ltd. is launching a $60 million public offering of common shares to fund the exploration and development of the Livengood Gold Project [1][2] Group 1: Offering Details - The public offering consists of $60 million in common shares, with Paulson & Co. Inc. agreeing to purchase $40 million in a concurrent private placement at the public offering price [1] - The underwriters, led by BMO Capital Markets, have an option to purchase additional common shares representing up to 15% of the offering, potentially increasing total gross proceeds to approximately $109 million if fully exercised [4] - The offering is being conducted under the Company's effective shelf registration statement with the SEC, and will also be available in Canada and offshore jurisdictions [6] Group 2: Use of Proceeds - The net proceeds from the offering and the concurrent private placement will be allocated to various activities related to the Livengood Gold Project, including drilling, feasibility studies, and community engagement [2] Group 3: Company Background - International Tower Hill Mines Ltd. holds a 100% interest in the Livengood Gold Project, located 70 miles north of Fairbanks, Alaska [11]