Under the Offering, the Company will issue flow-through units (each, a 'FT Unit') at a price of
In connection with the Offering, the Company may pay finder's fees equal to 6% of the gross proceeds from the Offering and finder warrants equal to 6% of the total number of FT Units sold by an eligible finder under the Offering (each a 'Finder Warrant'), each Finder Warrant entitling the holder to purchase one (1) Common Share at a price of
All securities issued under the Offering, including securities issuable on exercise thereof, will be subject to a hold period expiring 4 months and 1 day after issuance, in accordance with the rules and policies of the Exchange and applicable Canadian securities laws.
About Tower Resources
Tower is a Canadian based mineral exploration company focused on the discovery and advancement of economic mineral projects in the
Contact:
Tel: (778) 996-4730
Reader Advisory
This news release contains statements that constitute 'forward-looking information,' including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words 'may,' 'would,' 'could,' 'will,' 'intend,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'expect,' 'must,' 'next,' 'propose,' and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Without limiting the generality of the foregoing statements, the proposed use of the proceeds of the Offering is forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
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