FAR 1.01% 50.0¢ far limited

Dec 12 (Reuters) - FAR Ltd (FAR) : FAR LTD- HAS COMPLETED A...

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    Dec 12 (Reuters) - FAR Ltd (FAR) :

    • FAR LTD- HAS COMPLETED A A$146 MILLION CONDITIONAL PLACEMENT TO INSTITUTIONAL AND SOPHISTICATED INVESTORS
    • FAR LTD - IN ADDITION, FAR TO CONDUCT SHARE PURCHASE PLAN TO EXISTING ELIGIBLE SHAREHOLDERS TO RAISE UP TO FURTHER A$30 MILLION AT SAME PRICE AS PLACEMENT
    • FAR LTD- PROCEEDS FROM PLACEMENT FORM PART OF PLANNED FINANCING PACKAGE TO FUND FAR'S CAPEX TO FIRST OIL FOR SANGOMAR OIL FIELD DEVELOPMENT
    • FAR LTD- PLACEMENT PRICE OF A$0.0425 PER SHARE
 
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