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Tower Resources PLC

Tower Resources raises £9m in placing and announces open offer to shareholders

Graeme Thomson, CEO of Tower Resources (LON:TRP), tells Proactiveinvestors about the success of the recent placing and the Open Offer circular that has just been released for retail shareholders. This, the CEO says, enables retail investors to participate on an equal footing to institutional shareholders who so often have an advantage. Graeme also talks about the 'multi-billion barrel' potential of the company's field offshore Namibia.

Quick facts: Tower Resources PLC

Price: £0.00

Market: AIM
Market Cap: £2.47 m
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Tower Resources' Jeremy Asher on the tantalising opportunities in Cameroon

Jeremy Asher, chairman and chief executive of Tower Resources PLC (LON:TRP), speaks to Proactive's Andrew Scott as the Africa-focused oil explorer resumed trading on AIM after raising £2.1mln through a placing backed by directors and financier Lansdowne. The money will be used for another...

on 17/11/17

2 min read