Tower Resources Secures $408K in Private Placement

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

Tower Resources Ltd. has successfully completed a non-brokered private placement, raising $408,000 through the issuance of 3.4 million flow-through units priced at $0.12 each. These funds are earmarked for exploration expenses that qualify under the Canadian Income Tax Act. The placement included a finder’s fee and adds warrants exercisable until July 2026, with all securities subject to a hold period expiring in November 2024.

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