Vancouver, British Columbia--(Newsfile Corp. - May 6, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces it has closed the flow-through portion of its non-brokered private placement for aggregate gross proceeds of $200,000 by issuing 1,538,462 flow-through units (each a "FT Unit") at a price of $0.13 per FT Unit (the "Offering"). Each FT Unit is comprised of one (1) common share in the capital of the Company (each a "Common Share") that qualifies as a "flow-through share" for the purposes of the Income Tax Act (Canada) and one (1) non-transferable Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at $0.18 until May 3, 2026.
The gross proceeds from the Offering will be used for expenditures that qualify as Canadian Exploration Expenses, within the meaning of the Income Tax Act (Canada), to initiate a spring drill program on the Company's properties.
In connection with the Offering, the Company paid a finder's fee of $12,000 to a qualified non-related party, in accordance with the policies of the TSX Venture Exchange (the "Exchange").
In connection with the Offering, the Company paid $12,000 in finder's fees, equal to 6% of the gross proceeds and issued 92,307 Warrants, equal to 6% of the total number of FT Units sold, by a qualified non-related party, in accordance with the policies of the TSX Venture Exchange (the "Exchange"). Each Warrant entitles the finder to purchase one Common Share at $0.18 until May 3, 2026.
All securities issued under the Offering, including securities issuable on exercise thereof, are subject to a hold period expiring September 4, 2024, 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 Americas. The Company's key exploration assets, all in B.C., are the Rabbit North copper-gold porphyry project located between the New Afton copper-gold and Highland Valley copper mines in the Kamloops mining district, the Nechako porphyry-associated gold-silver project near Artemis' Blackwater project and the More Creek epithermal gold project on the critical "red line" structural zone connecting the mineral deposits of the Golden Triangle.
On behalf of the Board of Directors
Tower Resources Ltd.
Joe Dhami, President and CEO
(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," "new," "potential," "prospective," "target," "future," "verge," "favourable," "implications," and "ongoing," 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
不列顛哥倫比亞省溫哥華--(Newsfile Corp.,2024 年 5 月 6 日)-Tower Resources Ltd.(TSXV:TWR)(”塔“或者”公司“) 宣佈已通過發行1,538,462個流通單位(每個 a),完成了其非經紀私募配售的流通部分,總收益爲20萬美元”英尺 單元“) 價格爲每英尺單位 0.13 美元(”提供“)。每個FT單位由公司資本中的一(1)股普通股組成(每股”普通股“)根據《所得稅法》(加拿大)有資格成爲 “流通股” 和一(1)份不可轉讓的普通股購買權證(每份均爲一份)搜查令“)。每份認股權證使持有人有權在2026年5月3日之前以0.18美元的價格購買一股普通股。
根據《所得稅法》(加拿大),本次發行的總收益將用於符合加拿大勘探費用的支出,以啓動對公司財產的彈簧鑽探計劃。
在本次發行中,根據多倫多證券交易所風險交易所的政策,公司向合格的非關聯方支付了12,000美元的發現費(”交換“)。
在本次發行中,根據多倫多證券交易所風險交易所的政策,公司支付了12,000美元的發現費,相當於總收益的6%,併發行了92,307份認股權證,相當於合格的非關聯方出售的金融時報單位總數的6%(”交換“)。每份認股權證使發現者有權在2026年5月3日之前以0.18美元的價格購買一股普通股。
根據交易所的規則和政策以及適用的加拿大證券法,在本次發行下發行的所有證券,包括行使本次發行的證券,其持有期將到2024年9月4日結束。
關於塔樓資源
Tower是一家總部位於加拿大的礦產勘探公司,專注於美洲經濟礦產項目的發現和發展。該公司的主要勘探資產全部位於不列顛哥倫比亞省,包括位於坎盧普斯礦區新雅富頓銅金和高地谷銅礦之間的Rabbit North銅金斑岩項目、阿特米斯黑水項目附近的內查科斑岩相關金銀項目以及位於連接金三角礦牀的關鍵 “紅線” 結構區的莫爾溪超熱金項目。
代表董事會
塔樓資源有限公司
喬·達米,總裁兼首席執行官
(778) 996-4730
讀者諮詢
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