RNS Number : 5538A
Tower Resources PLC
02 February 2011
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.
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Contacts:
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Tower Resources plc |
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Peter Kingston, Chairman |
07802 804852 |
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Gavin Burnell / Edward Hutton |
020 7492 4750 |
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Charles Vaughan (Broking) Westhouse Securities (Joint Broker) Tim Feather / Matthew Johnson Walbrook PR |
0207 601 6100 |
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Bob Huxford |
020 7933 8780 |
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