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%