Vancouver, B.C. - Tower Resources Ltd. (“Tower” or the “Company”) announces that it has made application to the TSX Venture Exchange (the "Exchange") to extend the term of 15,000,000 common share purchase warrants (the "Warrants") that were issued under the Company's private placement of units completed on September 16, 2016. The Warrants that are the subject of the application have an exercise price of $0.15 per common share and are set to expire on March 16, 2018. Insiders of the Company hold 4.70% of these Warrants. The Company has applied for consent to extend the term of the Warrants from 18 months (18) to two (2) years from the date of original issuance of the Warrants in accordance with Exchange policies.
About Tower Resources
Tower Resources Ltd. (TWR.V) is a Vancouver based junior mineral exploration company focused on the discovery and advancement of economic mineral projects, primarily in British Columbia. The company’s key exploration assets are Rabbit North, Nechako Gold and More Creek.
Tower Resources Ltd.
Mark Vanry - Director, CEO & President
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.