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An announcement from Tower Resources ( (GB:TRP) ) is now available.
Tower Resources plc announced a subscription to raise £280,000 through the issuance of 1,000,000,000 ordinary shares at a slight discount to the market price. This move aims to bolster the company’s working capital in response to investor demand and support ongoing projects, particularly in Cameroon, where government support for its Thali project is strong following the recent presidential election.
More about Tower Resources
Tower Resources plc is an AIM-listed energy company focused on building a balanced portfolio of energy opportunities in Africa, particularly in oil and gas. The company is advancing operations in Cameroon to achieve cash flow through short-cycle development and rapid production, while also exploring opportunities in Namibia and South Africa, leveraging its expertise and strategic partnerships.
Average Trading Volume: 376,584,878
Technical Sentiment Signal: Sell
Current Market Cap: £9.38M
For a thorough assessment of TRP stock, go to TipRanks’ Stock Analysis page.