FAR has opened a fully-underwritten placement to institutional and sophisticated investors to raise around $80 million via issuing of new shares.
Offshore staff
MELBOURNE, Australia – FAR has opened a fully-underwritten placement to institutional and sophisticated investors to raise around $80 million via issuing of new shares.
It plans to use some of the proceeds to fund its participation in the drilling, evaluation, and pre-development programoffshore Senegal, and the anticipated acquisition and exploration of blocks A2 and A5 offshore The Gambia.
