Vancouver, BC (FSCwire) - Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) (“Far Resources” or the “Company”) is pleased to announce that further to its news release of February 16, 2018, the Company has completed a private placement financing (the “Financing”). The Company increased the size of its private placement offering to 350,000 units (the “Units”) to raise a total of $196,000 due to investor interest. Each Unit is comprised of one common share and one half (1/2) of one common share purchase warrant (the “Warrants”) at a price of $0.56 per Unit. Each whole Warrant entitles the holder to purchase one additional common share (each a “Warrant Share”) in the equity of the Company at a price of $0.70 per Warrant Share for a period of one year from the closing of the Financing. The Financing is fully subscribed and has closed as of the date of this news release.
The issuance of securities described in this news release are subject to regulatory holds and to acceptance by the Canadian Securities Exchange. All amounts quoted in this news release are in Canadian funds unless otherwise indicated.