Appointment of Joint Broker

RNS Number : 5858F

Tower Resources PLC

10 October 2008

 



10 October 2008

Tower Resources plc (AIM: TRP)

('Tower' or 'the Company')

Appointment of Fox-Davies Capital as Co-broker

Tower Resources plc, the oil and gas exploration company with interests in sub-Saharan Africa, principally in Uganda and Namibia, announces it has appointed Fox Davies Capital, as its co-broker with immediate effect.

Blue Oar continues to act as broker and nominated adviser for Tower.

Fox-Davies Capital is a Member of the London Stock Exchange and specialises in providing Corporate Finance advisory, broking and capital raising services to international resource companies. Fox-Davies provides its corporate clients with access to investors in the UK, European and North American capital markets and has an established track record with specialist resource investors.

Tower Executive Chairman, Peter Kingston, said, 'We are very pleased to appoint Fox-Davies Capital as co-broker to Tower. Fox-Davies' oil & gas expertise and relationships with resource investors both in the UK and internationally, make it an ideal addition to our advisory team.'

***ENDS ***

For further information contact:

Tower Resources	www.towerresources.co.uk
Peter Kingston, Chairman	07802 804852
Fox-Davies Capital Limited	www.fdcap.com
Richard Hail	020 7936 5234
Blue Oar Securities, Broker and NOMAD	www.blueoarsecurities.co.uk
Jerry Keen	020 7448 4400
Aquila Financial Limited, (PR)	www.aquila-financial.com
Peter Reilly	0118 979 4100

Notes to Editors  

Tower Resources Plc is an AIM-listed, independent oil and gas exploration company based in London.

The company is focused on sub-Saharan Africa, holding exploration licences in Namibia and Uganda through its two operating subsidiaries Neptune Petroleum (Namibia) Ltd and Neptune Petroleum (Uganda) Ltd.

The company's assets include; blocks 1910A, 1911 and 2011A offshore Namibia and onshore block 5 in Northern Uganda.

Tower also has through its 100% ownership of Comet Petroleum a 50% interest in two exploration licences (Guelta and Bojador) in the Saharawi Arab Democratic Republic.

 

END

 

 

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