2 Feb 2011 12:11
Tower Resources plc
("the Company")
Press Speculation
Further to recent press speculation, Tower Resources plc (AIM: TRP) confirms that it intends to shortly complete a placing of new ordinary shares. It is intended that funds raised pursuant to such placing will be utilised for the development of the Company's existing interests in sub-Saharan Africa and for general working capital purposes. A further announcement will be made in due course.
END
Contacts:
Tower Resources plc | www.towerresources.co.uk | ||
Peter Kingston, Chairman | 07802 804852 | ||
Northland Capital Partners Ltd (NOMAD and Joint Broker) | |||
Gavin Burnell / Edward Hutton | 020 7492 4750 | ||
Charles Vaughan (Broking)
Westhouse Securities (Joint Broker) Tim Feather / Matthew Johnson
Walbrook PR |
0207 601 6100 | ||
Bob Huxford | 020 7933 8780 | ||
Tower Resources (TRP)