![]() The Warrants are exercisable for a period of 5 years from the date of issue and those being issued are detailed below:ĭirector Number of Total number Shareholding % of issued The warrants are exercisable at a strike price of 0.425 pence ("Warrants"), which is the same price of the most recent placing announced on 11 August 2021 and a premium of 28.8% to the closing share price of 0.33 pence per share on 30 September 2021. Warrants are being issued in lieu of GBP30,000 (in aggregate) of Directors fees to Paula Brancato and Mark Enfield (Non-Executive Directors), and Jeremy Asher (as Chairman) in settlement of fees due for the period from 1 October 2021 to 31 December 2021, to conserve the Company's working capital. Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, announces the following issue of warrants to Directors and a consultant to the Company in lieu of fees.
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