In early September the British explorerrnTower Resources issued 46 million newrnshares and managed to raise $1.36 million.rnThe operation increased the number ofrnits shares on the market from 30 to 75rnmillion. To ensure the issue succeeded inrnthe current slump in the oil sector Totalrnsold the shares at 2.25 pence. The previousrnday they had been quoted at 5.3 pencernon AIM in London.
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