International Tower Hill Mines Announces Results from 2015 Annual General Meeting of Shareholders
May 29, 2015
Vancouver, B.C……..International Tower Hill Mines Ltd. (“ITH” or the “Company”) - (TSX: ITH, NYSE-MKT: THM) announces the results from its 2015 Annual General Meeting of shareholders held in Vancouver, B.C. on Thursday, May 28, 2015 (“Meeting”).
At the Meeting, the Company’s shareholders fixed the size of the board at five and re-elected the following individuals as directors of the Company, with all receiving a majority of the votes cast, as follows:
|Director||Votes For||Votes Withheld|
|Stephen Lang - Chair||52,726,135 (99.68%)||171,774 (0.32%)|
|Anton J. Drescher||39,143,204 (74.00%)||13,754,705 (26.00%)|
|John Ellis||42,692,810 (80.71%)||10,205,099 (19.29%)|
|Mark Hamilton||52,727,885 (99.68%)||170,024 (0.32%)|
|Thomas Weng||52,716,335 (99.66%)||181,574 (0.34%)|
The shareholders re-appointed the current auditors, PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the fiscal year ending December 31, 2015 and authorized the directors to fix their remuneration.
The shareholders also approved, on an advisory non-binding basis (“Say on Pay”), the compensation paid to the Company’s executive officers by a 97% majority, and re-approved, by a 78% majority, the Company’s 2006 Incentive Stock Option Plan and authorized, by a 79% majority, the continuance of the Company’s Shareholder Rights Plan, both for a further three years.
The detailed proxy voting on all resolutions submitted to the shareholders at the Meeting is contained in the “Report of Voting Results” for the Meeting which will be available under the Company’s profile on SEDAR and on the Company’s website or upon request by contacting the Company’s Corporate Secretary at (604) 683-6332.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls 100% of the Livengood Gold Project that contains 15.7 M oz. of gold (807 MT at 0.61 g/t) measured & indicated and 4.4 M oz. (266 MT at 0.52 g/t) inferred, all at a 0.30 g/t gold cutoff, located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.
On behalf of
International Tower Hill Mines Ltd.
(signed) Thomas E. Irwin
Chief Executive Officer
Contact Information: Rick Solie, Manager - Investor Relations
Direct line: 907-328-2825 Toll-Free: 1-855-428-2825