March 14, 2018 / 10:20 AM / 9 months ago

BRIEF-International Tower Hill Mines Announces US $12 Mln Non-Brokered Private Placement And Electrum As New Shareholder

March 14 (Reuters) - International Tower Hill Mines Ltd :

* INTERNATIONAL TOWER HILL MINES ANNOUNCES US $12 MILLION NON-BROKERED PRIVATE PLACEMENT AND ELECTRUM AS NEW SHAREHOLDER

* INTERNATIONAL TOWER HILL MINES - ‍ FOLLOWING COMPLETION, PAULSON & CO WILL OWN 32.0% OF ISSUED AND OUTSTANDING SHARES, ELECTRUM WILL HOLD 10.7% OF CO​

* INTERNATIONAL TOWER HILL MINES LTD - ‍INTENDS TO NOMINATE COMPANY CEO KARL HANNEMAN TO STAND FOR ELECTION TO BOARD​

* INTERNATIONAL TOWER HILL MINES - ‍APPROVED RECOMMENDATIONS TO REDUCE CORPORATE OVERHEAD COSTS BEGINNING IN 2018, REDUCTION IN CEO SALARY BY 50%​ Source text for Eikon: Further company coverage:

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