Tower Resources Plans $408K Private Placement

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

Tower Resources Ltd. is set to raise $408,000 through a non-brokered private placement, offering 3.4 million flow-through units at $0.12 each, including warrants. These funds are earmarked for Canadian Exploration Expenses, with a finder’s fee applicable for non-related parties. The securities will be subject to a four-month hold period post-issuance.

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