Vancouver, British Columbia–(Newsfile Corp. – October 26, 2021) – Tower Resources Ltd. (TSXV: TWR) (“Tower” or the “Company“) announces that it has granted stock options to acquire up to 2,150,000 common shares to certain directors, officers and consultants. Each of the stock options is exercisable for a five-year term expiring on October 26, 2026, and exercisable until that time at a price of $0.06 per common share. The options are subject to vesting provisions, with one-third vesting and becoming exercisable on the date of grant, and one-third vesting and becoming exercisable every anniversary thereafter. The stock options are non-transferable and any common shares issued upon exercise of the stock options, are subject to a four month resale restriction expiring February 27, 2022.
About Tower Resources
Tower is a Canadian based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas. The Company’s key exploration assets, both in B.C., are the Nechako gold-silver project near Artemis’ Blackwater project and the Rabbit North copper-gold porphyry project located between the New Afton and Highland Valley Copper mines.
On behalf of the Board of Directors
Tower Resources Ltd.
Joe Dhami, President and CEO
(778) 996-4730
www.towerresources.ca
