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

International Tower Hill Mines

14/03/2018 10:16

March 14 (Reuters) - International Tower Hill Mines Ltd
 ITH.TO :
    * 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:  ID:nCNWv2gPra 
Further company coverage:  ITH.TO 

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