http://www.ithmines.com/news/index.php?&content_id=303
... "The second tranche of the Offering consisted of the issuance of 1,926,411 common shares at a price of CAD 2.5955 per share (representing a 10% discount from the five day volume weighted average price for the common shares as at September 10, 2012) to raise aggregate gross proceeds of CAD 5 million. The Company paid a cash finder’s fee of 4% in connection with the issuance of these shares. The common shares issued in the second tranche of the Offering will be subject to a hold period in Canada of four months from the closing of the second tranche. All common shares issued in the second tranche will be subject to resale restrictions under U.S. federal and state securities laws.
The Company intends to use the net proceeds of the Offering for the completion of its bankable Feasibility Study at the Livengood Gold project in Alaska and for general working capital purposes." ...
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