Tower Resources (TSE:TWR) has released an update.
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Tower Resources Ltd. is set to raise $500,000 through a non-brokered private placement, split between a flow-through offering and a unit offering, aimed at funding exploration expenses and general working capital. The company plans to issue up to 3 million units at $0.10 each and up to 1.54 million flow-through units at $0.13 each, with both offerings including common shares and warrants. Proceeds will support a spring drill program on Tower’s key exploration projects in British Columbia.
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