Tower Resources Completes $300K Private Placement

Tower Resources (TSE:TWR) has released an update.

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.

For further insights into TSE:TWR stock, check out TipRanks’ Stock Analysis page.