International Tower shares surge 20.80% intraday after raising $74.8M through share issuance and $40M private placement to Paulson & Co. Inc., with major shareholder increasing stake to 34.4% to support Livengood gold project.

International Tower surged 20.80% intraday as the company completed a share issuance and private placement to fund its Livengood gold project, with Paulson & Co. Inc. increasing its stake to 34.4%. The $74.8 million raised will allocate $50 million for feasibility studies and technical development, and $35 million for permits and community engagement, while Paulson's investment further supports the project's advancement.