FAR raising funds for Senegal

FAR Limited is trying to raise A$146 million via a conditional placement at 4.25c per share which represents a large 21.3% discount on its closing price of 5.4c and a 12% discount to the five-day volume weighted average price.

FAR raising funds for Senegal FAR raising funds for Senegal FAR raising funds for Senegal FAR raising funds for Senegal FAR raising funds for Senegal

 

The money will go to part of the overall financing package for its capital expenditure share for development of Sangomar, the offshore Senegal oil project FAR (15%) shares with Woodside

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