VANCOUVER, BC / ACCESSWIRE / April 18, 2019 / Far Resources Ltd. (CSE: FAT) (FSE: F0R) (OTC PINK: FRRSF) is pleased to announce it has closed a non-brokered private placement of 2,000,000 common shares at a price of CAD$0.10 per share for gross proceeds of $200,000.
The Company intends to use the net proceeds from the private placement to execute the company's annual marketing plan. This plan includes marketing of the company’s key hard rock lithium assets in Manitoba and Northwest Territories, as well as its Winston Gold Project in New Mexico, and the expansion of its battery technology testing efforts.
The private placement is subject to the approval of the CSE and the securities will be subject to a four-month hold period under securities laws.
Far Resources Ltd. is a Canadian battery and technology metals exploration and development company with projects in Canada and the USA. More information on Far is available at www.farresources.com.
L. Frank Anderson, Director
Far Resources Ltd.
+1 (604) 253-3444
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Forward Looking Statements
This news release may contain forward-looking statements, which relate to future events or future performance, including planned exploration, and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
SOURCE: Far Resources Ltd.