tiprankstipranks
Tower Resources Secures New Funding to Boost African Ventures
Company Announcements

Tower Resources Secures New Funding to Boost African Ventures

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

Don't Miss our Black Friday Offers:

Tower Resources has announced a £275,000 subscription to issue over a billion ordinary shares at a slight discount, attracting interest from both existing and new institutional investors. This move aims to bolster the company’s working capital for its African oil and gas ventures, particularly in Cameroon, and involves broker Axis Capital Markets, which will receive warrants as part of the arrangement. The newly issued shares are set to commence trading on AIM by late November, expanding Tower’s share capital significantly.

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

Related Articles
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