Tower Resources (TSE:TWR) has released an update.
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Tower Resources Ltd. has successfully completed a non-brokered private placement, raising $300,000 through the issue of 3 million units at $0.10 each. These units include a common share and a warrant, with warrants exercisable at $0.18 until May 2026. The funds are slated for general working capital, and the offering saw participation from director Stuart Averill, who now holds 1.87% of the company.
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