Statement re. Press Comment

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.

END

Contacts:

Tower Resources plc	www.towerresources.co.uk
Peter Kingston, Chairman	07802 804852
Northland Capital Partners Ltd (NOMAD and Joint Broker)
Gavin Burnell / Edward Hutton	020 7492 4750
Charles Vaughan (Broking) Westhouse Securities (Joint Broker) Tim Feather / Matthew Johnson Walbrook PR	0207 601 6100
Bob Huxford	020 7933 8780

 

END

 

 

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