- 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.
