Tower Announces Increase to Non-Brokered Flow-Through Private Placement

Executive Summary

• Tower Resources increased its previously announced flow‑through private placement, now targeting up to $2.157 million in gross proceeds.
• The offering will consist of up to 8,628,000 common shares at $0.25 per share, with a 6% finder’s fee payable in cash and additional compensation warrants.
• Net proceeds are earmarked for Canadian Exploration Expenses, principally a 3,000‑m diamond drilling program on the Rabbit North property.

Key Details

• Offering Size: Up to $2,157,000 gross proceeds.
• Shares Issued: Up to 8,628,000 common shares at $0.25 each (flow‑through shares).
• Use of Proceeds: Primarily for a 3,000‑metre diamond drilling program on the Rabbit North property; all expenditures qualify as Canadian Exploration Expenses.
• Finder’s Fee: Cash payment equal to 6% of gross proceeds raised.
• Compensation Warrants: Warrants exercisable at $0.25, issued for one year from issuance, representing 6% of the total number of common shares sold to qualified non‑related parties, subject to TSX Venture Exchange policies.
• Hold Period: All securities (including those issuable on warrant exercise) are subject to a hold period expiring four months and one day after issuance, per exchange rules and Canadian securities law.
• First Tranche Closed: October 14 2025 (referenced in the October 15 2025 press release).

Notable Quotes

(No direct quotes from management were included in the release.)