Vancouver B.C. / TheNewswire / March 14, 2017 - Tower Resources Ltd. ("Tower" or the "Company") confirms that it has been served by T. Cameron Scott and V.F. Erickson Consultants Ltd. (the "Claimants") with a Notice of Claim in regards to a dispute over Tower's Belle claims located in Toodoggone district of north central British Columbia. The claim was filed in the Supreme Court of British Columbia.
The dispute relates to whether the Belle claims, acquired by Tower under an option agreement with another party, were properly excluded from an area of interest in Tower's option agreement with the Claimants respecting a group of claims known as the JD claims. The option agreement concerning the JD Claims was terminated by the Company in accordance with its terms (see Tower's news release dated April 1, 2016).
The Company believes that the Claimants'claim has no merit and intends to vigorously defend the action.
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
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.