NEW YORK, March 14, 2018 (GLOBE NEWSWIRE) -- Electrum Strategic Opportunities Fund II L.P. announces that pursuant to a private placement of International Tower Hill Mines Ltd. which closed on March 13, 2018, Electrum subscribed for and purchased 19,894,528 common shares in the capital of the issuer for an aggregate subscription price of USD$9,947,264, or USD$0.50 per Common Share, which based on the Bank of Canada exchange rate as of the closing date of the Financing amounts to an aggregate subscription price of approximately CAD$12,843,907, or approximately CAD$$0.65 per Common Share.