Business Description
ITH is a mineral exploration company engaged in the acquisition and exploration
of mineral properties. The Company currently holds or has the right to acquire
interests in an advanced stage exploration project in Alaska referred to as
the “Livengood Gold Project” or the “Project”. The Company
is in the process of optimizing the Livengood Gold Project as discussed below.
The Company has not yet begun preparation for the extraction of mineralization
from the deposit or reached commercial production.
ITH was incorporated under the Company Act (British Columbia) under the name
“Ashnola Mining Company Ltd.” on May 26, 1978. ITH’s name
was changed to “Tower Hill Mines Ltd.” on June 1, 1988, and subsequently
changed to “International Tower Hill Mines Ltd.” on March 15, 1991.
ITH has been transitioned under, and is now governed by, the Business Corporations
Act (British Columbia). On November 15, 2005, the shareholders resolved to amend
the Company’s Articles to increase its authorized capital from 20,000,000
common shares without par value to 500,000,000 common shares without par value.
This increase became effective on April 20, 2006.
