Source: Tower Resources Ltd.
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  • Tower Resources (TWR) has closed a non-brokered private placement for gross proceeds of $700,000
  • The company issued 3,888,889 flow-through units for $0.18 per FT unit
  • Proceeds will be used to carry out exploration programs on the company’s Canadian properties
  • Tower is a Canada-based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas
  • Tower Resources Ltd. (TWR) opened trading at C$0.12

Tower Resources (TWR) has closed a non-brokered private placement for gross proceeds of $700,000.

The company issued 3,888,889 flow-through units for $0.18 per FT unit. Each unit includes one flow-through common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one non-flow-through common share at $0.36 until December 24, 2024. 

Proceeds will be used to carry out exploration programs on the company’s Canadian properties.

The company paid finder’s fees totalling $42,000 and issued 23,333 finder warrants. 

All securities issued will be subject to a statutory hold period expiring April 24, 2023.

Tower is a Canada-based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas. The company’s key exploration assets are the Rabbit North copper-gold porphyry project located between the New Afton copper-gold and Highland Valley copper mines in the Kamloops mining district and the Nechako gold-silver project near Artemis’ Blackwater project.

Tower Resources Ltd. (TWR) opened trading at C$0.12.


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