International Tower Hill Mines Ltd.: Corvus Gold Inc. Spinout Effective
International Tower Hill Mines Ltd. (TSE:ITH, NYSE Amex:THM) announced that the previously announced Plan of Arrangement, under which the Company will spin-out its Alaska and Nevada projects to Corvus Gold Inc., became effective at 12:01 a.m. today, August 26, 2010.
International Tower Hill Mines Ltd. (TSX:ITH, NYSE Amex:THM) announced that the previously announced Plan of Arrangement, under which the Company will spin-out its Alaska and Nevada projects to Corvus Gold Inc., became effective at 12:01 a.m. today, August 26, 2010.
The press release is quoted as saying:
Corvus Gold Inc. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to the more advanced North Bullfrog Project in Nevada.
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