Tower Resources ( (GB:TRP) ) has issued an announcement.
Tower Resources plc announced the exercise of 271,018,518 warrants, resulting in the issuance of the same number of ordinary shares at an exercise cost of £73,175.00. These shares are expected to be admitted to trading on AIM by January 28, 2025, increasing the company’s issued share capital to 29.3 billion shares. This move could influence shareholder calculations regarding their interests under the FCA’s Disclosure and Transparency Rules, potentially affecting the market dynamics and investor positions.
More about Tower Resources
Tower Resources plc is an AIM listed energy company focused on Africa, particularly in the exploration and production of oil and gas. The company aims to build a balanced portfolio of energy opportunities, advancing operations in Cameroon and exploring licenses in Namibia and South Africa. Tower leverages its expertise and strategic relationships to operate in stable jurisdictions with favorable fiscal terms.
YTD Price Performance: -25.00%
Average Trading Volume: 773,448,005
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £8.86M
For detailed information about TRP stock, go to TipRanks’ Stock Analysis page.