Tower Resources Grants Warrants to Director

Tower Resources (GB:TRP) has released an update.

Tower Resources PLC, an AIM listed energy company focusing on African oil and gas prospects, has issued warrants to new Non-Executive Director Stacey Kivel as compensation for director fees. These warrants, exercisable at 0.018 pence each for a period of five years, represent 0.36% of the issued share capital upon exercise. The company, which is advancing operations in Cameroon and acquiring seismic data in Namibia and South Africa, now has 1.8 billion warrants in issue, equating to 8.5% of its enlarged share capital.

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