Tower Hill raises $22M; Paulson executive to serve as chairman

International Tower Hill Mines Ltd. Dec. 28 closed a US$22 million financing that involved the issuance of 45.83 million shares at US48 cents each. As a result of the financing, Paulson & Co. Inc., Tocqueville Asset Management, L.P. and AngloGold Ashanti (U.S.A.) Exploration Inc. own 34.2 percent, 19.7 percent and 9.5 percent of International Tower Hill Mines shares, respectively.

Tower Hill inten...