International Tower Hill Plans to Undertake Spin-Out Transaction to Create Two Independent Companies

International Tower Hill Mines Ltd.(TSX:ITH)(NYSE Amex:THM)(FRANKFURT:IW9) has unanimously approved a proposal to undertake a spin-out transaction to segregate its assets into two separate and highly focused companies.

The press release is quoted as saying:

International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum from early stage to the advanced multimillion ounce gold discovery at Livengood.

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