VANCOUVER, March 16, 2018 /CNW/ - International
Tower Hill Mines Ltd. (the "Company") - (TSX: ITH)
(NYSE-AMERICAN: THM) today announced that it has filed its audited
Year-End Financial Statements and associated Management Discussion
and Analysis (MD&A) on Form 10-K for the year ended
December 31, 2017.
As of December 31, 2017, the
Company had working capital of $2.0
million.
As reported on March 14, 2018, the
Company completed a non-brokered private placement on March 13, 2018 pursuant to which it issued
24,000,000 common shares at $0.50 per
share for gross proceeds of $12.0
million. The Company intends to use the funds for
continuation of optimization studies to further improve and de-risk
the Project, required environmental baseline studies, and for
general working capital purposes.
Shareholders can obtain copies of the Company's audited Year End
Financial Statements and associated Management Discussion and
Analysis and Form 10-K on SEDAR at: www.sedar.com, EDGAR at
www.sec.gov and on the Company's website at: www.ithmines.com.
The Company will also provide hard copies of these documents, free
of charge, to shareholders who request a copy directly from the
Company.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls 100% of the
Livengood Gold Project located along the paved Elliott Highway, 70
miles north of Fairbanks,
Alaska.
On behalf of
International Tower Hill Mines Ltd.
(signed) Karl L.
Hanneman
Chief Executive Officer
This news release is not, and is not to be construed in any
way as, an offer to buy or sell securities in the United States.
SOURCE International Tower Hill Mines Ltd.