International Tower Hill Grants Incentive Options
August 24 2012 - 8:00AM
Marketwired
International Tower Hill Mines Ltd. ("ITH" or the "Company") -
(TSX:ITH)(NYSE Amex:THM)(NYSE MKT:THM)(FRANKFURT:IW9) announces
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.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls a 100% interest in
the world-class Livengood Gold Project accessible by paved highway
70 miles north of Fairbanks, Alaska. In 2012, ITH is focused on the
rapid advancement of the Livengood project into a compelling
potential development scenario.
On behalf of International Tower Hill Mines Ltd.
Jeffrey A. Pontius, Interim Chief Executive Officer
NR12-25
This press release is not, and is not to be construed in any way
as, an offer to buy or sell securities in the United States.
Contacts: International Tower Hill Mines Ltd. Michelle Stachnik
Manager - Investor Relations 720-881-7646 Ext 203 or Toll-Free:
1-855-208-4642mstachnik@ithmines.com www.ithmines.com
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