Tower Resources Ltd

OTC Pink - Current Information:TWRFFUnited StatesView on Canadian Exchange

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• Tower Announces Private Placement, Grant of Equity Incentives and Advertising Services Agreement, from 19 hours ago by Newsfile

  19 hours ago by Newsfile
  Companies Mentioned: TWRFF

  Vancouver, British Columbia--(Newsfile Corp. - November 28, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces it intends to complete a non-brokered flow-through private placement offering for aggregate gross proceeds of $800,000 (the "Offering"). Under the Offering, the Company will issue up to 5,333,334 flow-through units (each a "FTUnit") at a price of $0.15 per FT Unit. Each FT Unit is comprised of one (1) common share in the capital of the Company (each a "Common Share") that qualifies as a "flow-through share" for the purposes of the Income Tax Act (Canada) and one-half of one (1/2) non-transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at $0.25 for a period of two (2) years from the date of issuance. The Company intends to use the gross proceeds from the Offering for expenditures which qualify as Canadian Exploration Expenses, within the meaning of the Income Tax Act (Canada), to run drill programs on its properties. In connection with the Offering, the Company may pay finder's fee in cash equal to 6% of the gross proceeds raised, and issue Warrants equal to 6% of the total number of FT Units sold, to qualified non-related parties, in accordance with the policies of the TSX Venture Exchange (the "Exchange"). All securities issued under the Offering, including securities issuable on exercise thereof, will be subject to a hold period expiring 4 months and 1 day after issuance, in accordance with the rules and policies of the Exchange and applicable Canadian securities laws.

• Tower Announces Private Placement, Grant of Equity Incentives and Advertising Services Agreement, from 19 hours ago by Dow Jones

  19 hours ago by Dow Jones
  Companies Mentioned: TWR
  
  Vancouver, British Columbia--(Newsfile Corp. - November 28, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces it intends to complete a non-brokered flow-through private placement offering for aggregate gross proceeds of $800,000 (the "Offering"). Under the Offering, the Company will issue up to 5,333,334 flow-through units (each a "FT Unit") at a price of $0.15 per FT Unit. Each FT Unit is comprised of one (1) common share in the capital of the Company (each a "Common Share") that qualifies as a "flow-through share" for the purposes of the Income Tax Act (Canada) and one-half of one (1/2) non-transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at $0.25 for a period of two (2) years from the date of issuance. The Company intends to use the gross proceeds from the Offering for expenditures which qualify as Canadian Exploration Expenses, within the meaning of the Income Tax Act (Canada), to run drill programs on its properties. In connection with the Offering, the Company may pay finder's fee in cash equal to 6% of the gross proceeds raised, and issue Warrants equal to 6% of the total number of FT Units sold, to qualified non-related parties, in accordance with the policies of the TSX Venture Exchange (the "Exchange"). All securities issued under the Offering, including securities issuable on exercise thereof, will be subject to a hold period expiring 4 months and 1 day after issuance, in accordance with the rules and policies of the Exchange and applicable Canadian securities laws.