Tower Resources Amends Rabbit North Option Agreement
Vancouver, B.C. / TheNewswire / August 23rd, 2016 - Tower Resources Ltd., (TSX.V: TWR) announces that the Company has signed an amendment to its Rabbit North Option Agreement with the underlying tenure holders.
Pursuant to the original option agreement dated July 3, 2013, in order to exercise the Option, the Company was required to cumulatively spend $750,000 on exploration on or before the 3rd anniversary of the agreement. In consideration of the Company issuing the underlying tenure holders an additional 100,000 shares, the parties have agreed to extend the expenditure deadline for an additional 12-months.
About Tower Resources Ltd.
Tower Resources Ltd. (TWR.V) is a Vancouver based junior mineral exploration company focused on the discovery and advancement of economic mineral projects, primarily in British Columbia. The company's key exploration assets are Rabbit North, Nechako Gold and More Creek.
Mark Vanry - Director, CEO & President
(604) 558-2565
mvanry@towerresources.ca
www.towerresources.ca
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