announcement - not really exciting at all

Equity raising of $8 MILLION

FAR Ltd ("FAR" ASX: FAR) is pleased to announce an equity raising placement which is expected to raise $8
million before expenses. The placement was arranged by Bell Potter Securities Limited (“Bell Potter”) as Lead
Manager.
The placement is being undertaken to fund further exploration in offshore Kenya potentially including
accelerating the evaluation of the Miocene reef oil play offshore Kenya in which the company has a significant
acreage position and for general working capital purposes.
The placement of a total of 200,000,000 new ordinary shares in the Company (“Ordinary Shares”) will raise $8
million before expenses.
The price per new share offered under the Placement of A$0.04 per new share represents a 15% discount to
the Company’s current market price on the ASX and a 10% discount to the 30-day volume weighted average
price on the ASX.
FAR’s Managing Director, Ms Cath Norman, said, “FAR is pleased to have raised money to allow the company to
move forward our key position in Kenya in the short term. Building our portfolio of opportunities for our
shareholders is key to our strategy and we aim to deliver a high impact drilling program in Kenya following on
from the current drilling program offshore Senegal.”
Upon completion of the Placement, the Placement Shares will represent approximately 7.4% of the enlarged
share capital of the Company and the Company will have 2,699,846,742 Ordinary Shares on issue. The
Placement Shares will, when issued, rank equally in all respects with the existing Ordinary Shares.
Application will be made to the ASX for the Placement Shares to be admitted to be quoted on the ASX.
Settlement of the Placement Shares are expected to occur Friday 6 June 2014 with normal trading to occur
Tuesday 10 June 2014.
The presentation used for capital raising purposes was the same as the Annual General Meeting Presentation
released on 28 May 2014.
The trading halt in the Company’s new shares can now be lifted.