Tower Resources Bolsters Capital with Warrants Exercise

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

Tower Resources PLC, an AIM-listed oil and gas company focused on Africa, announced the exercise of warrants over 140 million ordinary shares, providing £25,200 in cash proceeds. The new shares are expected to be admitted to trading on AIM around 4 October 2024, which will increase the company’s issued share capital to nearly 18 billion shares. This move forms part of Tower’s ongoing strategy to advance operations in Cameroon and de-risk exploration licenses in Namibia and South Africa.

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