FORM 51-102F3
MATERIAL CHANGE REPORT
Item1. | Name and Address of Issuer |
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INTERNATIONAL TOWER HILL MINES LTD. (the “Issuer”) | |
Suite 2300 – 1177 West Hastings Street | |
Vancouver, B.C. V6E 2K3 | |
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Item2. | Date of Material Change |
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August 24, 2012 | |
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Item3. | News Release |
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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 August 24, 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. | |
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Item4. | Summary of Material Change |
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The Issuer reports the granting of incentive stock options. | |
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Item5. | Full Description of Material Change |
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The Issuer reports that, pursuant to its 2006 Incentive Stock Option Plan, it has granted options to purchase up to 4,700,000 common shares to directors, officers, employees and consultants. The options are exercisable at a price of $3.17 per share for a period of 5 years ending on August 24, 2017 and vest as to 1/3 on August 24, 2012, a further 1/3 on August 24, 2013 and the balance on August 24, 2014. | |
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Item6. | Reliance on subsection 7.1(2) or (3) of National Instrument 51-102 |
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Not applicable | |
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Item7. | Omitted Information |
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No information has been omitted on the basis that it is confidential. | |
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Item8. | Senior Officer |
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The following senior officer of the Issuer is knowledgeable about the material change disclosed in this report. | |
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James Komadina, Chief Executive Officer | |
Business Telephone No.: (303) 470-8700 | |
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Item9. | Date of Report |
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August 27, 2012 |