Tower Resources PLC
21 September 2007
Tower Resources Plc
(the 'Company')
Grant of options
The Company announces that on 20 September 2007 it granted options to Peter
Kingston, Executive Chairman of the Company and Marilyn Hill, General Manager of
the Ugandan operations as below:
Name Number of Exercise Price Date from which the Expiry of options
options options are exercisable
Peter Kingston 1,000,000 2.75p 20 September 2008 20 September 2012
Marilyn Hill 1,000,000 2.75p 20 September 2008 20 September 2012
The Company has also issued 454,545 new ordinary shares of 0.1p each in the
Company ('Ordinary Shares') to Peter Kingston as part of his consultancy
agreement.
Application for admission of the new Ordinary Shares to trading on AIM is
expected to occur on 27 September 2007. Following admission, the Company will
have 537,107,878 Ordinary Shares in issue.
For further information, please contact:
Tower Resources plc www.towerresources.co.uk
Peter Kingston, Chairman 07802 804852
Blue Oar Securities
Rhodri Cruwys 020 7448 4400
Aquila Financial Limited www.aquila-financial.com
Peter Reilly 020 7202 2600
Yvonne Fraser
This information is provided by RNS
The company news service from the London Stock Exchange