Bridging loan π€20 Aug 2025 12:30
Easy 0.06/7
Tower Resources plc (AIM: TRP), the AIM-listed oil and gas company focused on Africa, is pleased to announce that the Company has agreed an unsecured fixed-price convertible bridge loan (the "Bridge Loan") of Β£500,000 with Prime Resources Limited ("PR") with a term of up to 12 months, and convertible into ordinary shares at a fixed conversion price of 0.05588 pence per share (being a premium of 100% to the average of the 5 daily VWAPs prior to today's date) if not prepaid earlier. PR is a Gibraltar-registered private investment company and is not related to the Company's prospective farm-in partner Prime Global Energies Limited.