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TWRFF / Tower Resources raises funds to help advance Cameroon project

Tower Resources PLC (AIM:TRP) has raised £2.3mln through a placing and share subscription to support the company's finances as its flagship Cameroon asset advances towards pivotal milestones. The company, in a statement, said that it has this week received a letter from the Prime Minister of Cameroon advising that he has instructed the Minister of Mines, Industry and Technological Development to accelerate the license extension process – which will in turn enable partnering efforts to conclude and allow the project to proceed. Read More

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Posted: May 16 2023, 03:15

Author Name: Proactive Investors

TWRFF News

By Proactive Investors
September 27, 2023

Tower Resources PLC CEO Jeremy Asher on sub-Saharan Africa oil and gas exploration - exclusive Q&A

In an exclusive interview with Proactive, Jeremy Asher, CEO of Tower Resources PLC (AIM:TRP), delves into the company's strategic focus on oil and gas

By Proactive Investors
June 19, 2023

Tower Resources highlights financing opportuunities, progress in exploration and evaluation

Tower Resources PLC (AIM:TRP) highlighted financing opportunities as well as progress in its exploration and evaluation activities as it released its

By Proactive Investors
May 16, 2023

Tower Resources raises funds to help advance Cameroon project

Tower Resources PLC (AIM:TRP) has raised £2.3mln through a placing and share subscription to support the company's finances as its flagship Cameroon

By Proactive Investors
April 29, 2023

Oil and gas weekly highlights: Tower Resources, 88 Energy, Harbour Energy and more

By Proactive Investors
April 27, 2023

Tower Resources close to confirming drill schedule for NJOM-3 well

Tower Resources PLC (AIM:TRP) chief executive Jeremy Asher told investors he believes that the explorer is close to having a final schedule for the NJ

By Proactive Investors
January 16, 2023

Tower Resources agrees equity funding deal for up to US$6mln

Tower Resources PLC (AIM:TRP) is launching an equity fund raise with US-based investor Energy Exploration Capital Partners (EECP), which is agreeing t

By Proactive Investors
November 21, 2022

Tower Resources receives approval for loan from Cameroon bank

Tower Resources PLC (AIM:TRP) said its subsidiary, Tower Resources Cameroon SA (TRCSA), has had its medium-term loan of roughly US$7mln approved by a

By Proactive Investors
August 2, 2022

Tower Resources raises £1.5mln as it looks to make drilling headway in Cameroon

Tower Resources PLC (AIM:TRP) said it had secured £1.5mln of equity funding by issuing new shares at 0.175p each. Chairman Jeremy Asher bought £250,

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