(TheNewswire)
NOT FOR DISSEMINAITON IN THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE
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VANCOUVER B.C. / TheNewswire / May 9, 2017 - Tower Resources Ltd.
(“Tower” or the “Company”) further to the Company’s news release April 6, 2017, the Company has paid $25,000 in cash and
issu ed 172,413 share purchase warrants (the “Warrants”) (together, the “Referral Fee”) to
Canaccord Genuity Corp. in connection with the completion of the Sandstorm Royalty transaction. Each Warrant is exercisable
to purchase one common share at a price of $0.22 per common share until May 1, 2022. The Warrants are subject to a statutory
hold period expiring September 2, 2017.
The Referral Fee was approved by the TSX Venture Exchange on April 24, 2017.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933 or
any state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act
of 1933 and all applicable state securities laws, or an applicable exemption from registration requirements
.
About Tower Resources
Tower Resources Ltd. (TWR.V) is a Vancouver-based junior mineral exploration company focused on the discovery
and advancement of economic mineral properties, primarily in British Columbia. The company's key exploration assets are Rabbit
North, Nechako Gold and More Creek.
For further information contact:
Mark Vanry – Director, CEO & President
(604) 558-2565
mvanry@towerresources.ca
www.towerresources.ca
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement Caution
This news release contains certain “forward-looking statements”, as defined in the United States
Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation. The Company cautions
that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the
statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such
statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such
statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs,
estimates or opinions, or other factors, should change, except as required by law. There are numerous risks and uncertainties that
could cause actual results and Tower's plans and objectives to differ materially from those expressed in the forward-looking
information. The reader is urged to refer to the Company's public disclosure which is available through the Canadian Securities
Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk
factors and their potential effects.
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