I like how they call these incentive options...most shareholders have taken a beating with this stock and they reward themselves with rediculous set price and a 5 year holding period...incredible!

 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2012) - 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.