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FAR Ltd

FAR Ltd enters trading halt ahead of capital raising

The company had cash and term deposits at the end of the March quarter of $20.1 million with no debt.

capital raising concept
Shares last traded at 5.6 cents before being halted

FAR Ltd (ASX:FAR) has been granted a trading halt by the ASX pending the release of information regarding a proposed capital raising.

Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading on Friday 3 May 2019.

READ: FAR targets investment decision for SNE Senegal oil project this year

FAR continues to work on both its Gambia and Senegal offshore oil and gas projects.

Proactive caught up with FAR's managing director Cath Norman in March 2019.

Quick facts: FAR Ltd

Price: $0.06

Market: ASX
Market Cap: $389.38 m
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FAR Ltd's Cath Norman calls US investors' response to its northwest Africa...

FAR Ltd (ASX: FAR) Managing Director Cath Norman visited the Proactive Investors' New York studio Thursday to update US investors on the company's assets in northwest Africa, saying the reaction from investors has been 'terrific.' Norman says the oil exploration company has drilled 11 oil...

on 03/14/2019

2 min read