tiprankstipranks
Tower Resources Issues Warrants to Directors
Company Announcements

Tower Resources Issues Warrants to Directors

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

Don't Miss our Black Friday Offers:

Tower Resources PLC, an AIM-listed oil and gas company focusing on Africa, has announced the issuance of warrants to its directors and a consultant in place of cash fees to conserve working capital. The warrants, issued at a 29% premium to the recent closing share price, represent an aggregate of £30,000 in fees for the third quarter of 2024 and are exercisable for five years. Following this issuance, the total number of warrants in issue accounts for 8.1% of the company’s enlarged share capital.

For further insights into GB:TRP stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskTower Resources Secures New Funding to Boost African Ventures
TipRanks UK Auto-Generated NewsdeskTower Resources Expands Share Capital Amid African Focus
TipRanks UK Auto-Generated NewsdeskTower Resources Boosts Capital for African Ventures
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App