Tower Resources secures funding through flow-through and non-flow-through shares to advance its gold exploration projects.
Tower Resources (TWRFF) announced a $1.72M private placement to finance its gold exploration programs. The offering includes two tranches: 6M flow-through shares at $0.18 each and 4M non-flow-through units at $0.16 each.
The company aims to use the proceeds to expand its exploration efforts, though no prior financing rounds or consensus estimates were disclosed. The placement is non-brokered, indicating direct engagement with investors.
No immediate market reaction was reported following the announcement.