Melbourne-based FAR Ltd., which has a portfolio of international assets, closed
most of a private placement of over 818.8 million shares at A$0.055 each with a group
of institutional and sophisticated investors that will raise a total of nearly A$45 million.
The sale price represented a 1.8% discount to the company’s ASX closing price on
April 30. The placement, divided into tranches of almost 708 million shares for $38.6
million and 111 million shares for $6.1 million, represents about......
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