Grant of Options

RNS Number : 7285Z

Tower Resources PLC

11 March 2013

 



11 March 2013                                    Tower Resources plc                                                                        

Grant of Share Options

Tower Resources plc ('Tower'), LN: TRP, the AIM listed oil and gas exploration company, announces that it has issued 4 million options to Andrew Matharu who has joined the Company today as Vice President Corporate Affairs as announced on 7 March 2013. The options have an exercise price of 2.10p per share, will vest in three equal tranches 12, 24 and 36 months respectively after issue and will all expire if not previously exercised on the fifth anniversary of their issue.

Contacts:

Tower Resources
Jeremy Asher (Chairman) Graeme Thomson (CEO)	[phone]
Northland Capital Partners Limited (Nominated Adviser and Joint Broker)	[phone]
Gavin Burnell/Edward Hutton John Howes/Alice Lane (Broking)
Investec (Joint Broker)	[phone]
Ben Colegrave                         Chris Sim
M Communications	[phone]
Patrick d'Ancona                     Chris McMahon Andrew Benbow

www.towerresources.co.uk      

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