Paulson & Co. completes US$40 million private placement for International Tower Hill Mines Ltd.

Goodmans LLP advised Paulson & Co. in connection with the US$40 million private placement of common shares by International Tower Hill Mines Ltd. (“ITH”). 

The private placement followed the upsized public offering of common shares by ITH resulting in additional gross proceeds of US$74.8 million to ITH. 

ITH expects to use the net proceeds of the offering and the concurrent private placement to fund the exploration and development of the Livengood Gold Project, including drilling, metallurgical studies, feasibility studies, technical studies, baseline environmental studies, detailed engineering in support of permitting, permitting, legal support, community engagement, mineral lease and land payments, acquisitions and general corporate purposes.