StockMarketWire.com - Tower Resources announces a placing and subscription to a raise about £5.2m, after expenses, through the issue of new shares at 0.19p each.

It also noted the completion of negotiations for a 100% interest in the Thali PSC located in a sub-basin of the prolific Niger Delta, offshore Cameroon.

Tower also announced the pursuit of a new strategic regional initiative in Namibia, an underexplored and highly prospective region.






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