VANCOUVER, BC: Tower Resources Ltd. (the "Company") announces that it has arranged, subject to regulatory approval, a non-brokered private placement (the "Offering") of up to 4,000,000 Flow-Through Common Shares (the "Shares") at a price of $0.40 per Share for gross proceeds of up to $1,600,000.
Closing of the Offering is subject to the receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. Proceeds from the Offering will be used by the Company to finance its 2012 exploration program in British Columbia.
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.