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Tower Resources excited by pan-African scope of the company

Tower Resources (LON:TRP) is adding more strings to its bow through two deals in Africa. Graeme Thompson, Tower's chief executive officer, says the deals will be transformational for the company, turning it into a truly pan-African exploration company. Thompson added the company has raised enough money to take it to midway through 2015, and with "four tremendous assets" in the portfolio, the company has no plans currently to raise more funds as it can generate cash through farm-out deals.

Quick facts: Tower Resources PLC

Price: 0.3899 GBX

Market: AIM
Market Cap: £2.94 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


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