Tickers: XTSX:TWR, FRAA:T7Y1
Vancouver, B.C. / TheNewswire / May 17, 2018 – Tower Resources Ltd., ("Tower" or the "Company") (TSXV: TWR) is pleased to announce the appointment of Mark Ashcroft as a technical advisor to the Company.
Mr. Ashcroft has been involved in the global mining industry and the North American and European debt and equity markets since 1990. Mr. Ashcroft is currently the President & CEO of Aurelius Minerals Ltd. He served as President & CEO of Stonegate Agricom Ltd. from 2008 to 2014, where he successfully led the company to a $ 51.75 million IPO and listing on the TSX in 2010. From 2007 to 2008, Mr. Ashcroft successfully developed the mining finance business of Versant Partners in sales, trading and corporate finance. From 2003 to 2008 he worked with Toll Cross Securities Inc., a boutique institutional firm in Toronto where he became Managing Director and Head of Investment Banking. From 2001 to 2003, he was a member of the Mining and Metals Team at Standard Bank’s New York office, where he was responsible for providing metals trading and project financing solutions to mid-tier developers and producers in Canada and Latin America. From 1999 to 2000, he was a member of the Mining and Metals Team of Barclays Capital, a leading provider of project finance to the mining industry. From 1996 to 1998, Mr. Ashcroft worked in Mines Technical Services at Inco Limited’s Ontario Division, where he qualified as a Professional Engineer in Ontario. From 1990 to 1996, through his undergraduate studies, he worked in various operating roles in North and South America and Australia. Mr. Ashcroft holds a Bachelor of Engineering (Mining) degree from Laurentian University and a Master’s of Science (Finance, Regulation and Risk Management) from the ISMA Centre of the University of Reading.
"I am very pleased to welcome Mark to the Tower team," commented Garett Macdonald, President & CEO. "His extensive capital markets and project development experience will be invaluable as we advance our highly prospective gold-copper projects in British Columbia and evaluate development projects to add to the Company."
About Tower Resources
Tower is a Canadian based mineral exploration company focused on the discovery and advancement of economic mineral projects. The Company’s key exploration assets are the Rabbit North copper-gold porphyry project located between the New Afton and Highland Valley Copper mines, the Nechako gold project near New Gold’s Blackwater project and the More Creek & Voigtberg gold projects in the Golden Triangle area of Northern British Columbia.
On behalf of the Board of Directors,
Garett Macdonald – President, CEO & Director
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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