FORM 51-102F3 |
MATERIAL CHANGE REPORT |
Item 1. | Name and Address of Issuer |
INTERNATIONAL TOWER HILL MINES LTD. (the “Issuer”) | |
Item 2. | Date of Material Change |
January 3, 2012 | |
Item 3. | News Release |
The date of the material change report issued pursuant to section 7.1 of National Instrument 51- 102 with respect to the material change report disclosed in this report is January 3, 2012. The material change report was issued in Vancouver, British Columbia through the facilities of the TSX Venture Exchange via Marketwire, Canada Stockwatch and Market News Publishing. | |
Item 4. | Summary of Material Change |
The Issuer reports the granting of incentive stock options. | |
Item 5. | Full Description of Material Change |
The Issuer reports that, pursuant to its 2006 Incentive Stock Option Plan, it has granted options to purchase up to 650,000 common shares to a senior officer. The options are exercisable at a price of $4.43 per share for a period of 5 years ending on January 3, 2017 and vest as to 216,666 shares on January 3, 2012, 216,666 shares on January 3, 2013 and the balance on January 3, 2014. | |
Item 6. | Reliance on subsection 7.1(2) or (3) of National Instrument 51-102 |
Not applicable | |
Item 7. | Omitted Information |
No information has been omitted on the basis that it is confidential. | |
Item 8. | Senior Officer |
The following senior officer of the Issuer is knowledgeable about the material change disclosed in this report. | |
James Komadina, Chief Executive Officer | |
Item 9. | Date of Report |
January 5, 2012 |