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Tower Resources has announced the completion of an institutional placing of up to US$6 million to Energy Exploration Capital Partners, a U.S.-based institutional investor. The proceeds from the Placing will be used by Tower to fund work programme commitments in respect of its licenses in Cameroon, Namibia and South Africa as well as for general working capital purposes.
Tower Resources plc (LON:TRP – Get Rating)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 0.24 ($0.00) and traded as low as GBX 0.19 ($0.00). Tower Resources shares last traded at GBX 0.19 ($0.00), with a volume […]
The power system in the Ukrainian capital is stabilizing, but emergency power outages in Kyiv are still ongoing, the press service of Kyiv City Military Administration reports.
AIM-listed Tower Resources, the Africa-focused energy company, has provided an update on its financing activity in respect of its Thali Production Sharing Contract (PSC), in the Rio Del Rey sedimentary basin offshore Cameroon.
While a number of large-scale developments have kicked off across Africa in recent years, much of the continent’s hydrocarbon basins remain largely