Tower Resources Ltd. announced a non-brokered private placement of up to 3,400,000 flow-through units at a price of CAD 0.12 per unit for the gross proceeds of CAD 408,000 on June 27, 2024. Each FT Unit is comprised of one common share in the capital of the Company that qualifies as a ?flow through share? for the purposes of the Income Tax Act and one non-transferable common share purchase warrant.

Each Warrant entitles the holder to purchase one common share in the capital of the company at CAD 0.18 for a period of two (2) years from the date of issuance. In connection with the Offering, the Company may pay a finder?s fee in cash equal to 6% of the gross proceeds raised and issue Warrants equal to 6% of the total number of FT Units sold, to qualified non related parties, in accordance with the policies of the TSX Venture Exchange. 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.