Issue of Equity

RNS Number : 5785U

Tower Resources PLC

18 October 2010

 



18^th October 2010

Tower Resources plc ("Tower" or "the Company") (AIM:TRP)

Issue of Equity

Tower Resources plc, the oil and gas exploration company with interests in sub-Saharan Africa, principally in Namibia and Uganda, announces that it has allotted and issued 3,000,000 new ordinary shares of 0.1p each to Corporate Synergy Holdings Limited ("CSHL") following the exercise of options held by CSHL at 1.5p per share. These options were issued in 2005 and were due to expire this calendar year.

The Company has applied for these shares to be admitted to trading on AIM and which is expected to take place on 22 October 2010.

Contacts:

Tower Resources plc Peter Kingston	0780 2804852
Astaire Securities (NOMAD and Joint Broker) Gavin Burnell / Shane Gallwey   (NOMAD) Charles Vaughan   (Broking)	020 7492 4750
Westhouse Securities (Joint Broker) Tim Feather	020 7601 6100
Walbrook PR	020 7933 8780
Ben Knowles	Mob [phone] [e-mail]

 

END

 

 

IOELLFVSIELTLII