Far Resources Ltd. has closed a non-brokered private placement of two million common shares at a price of 10 cents 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.

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Far Resources closes $200,000 private placement

2019-04-18 12:10 ET – News Release

Mr. Frank Anderson reports

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FAR RESOURCES CLOSES NON-BROKERED $200,000 PRIVATE PLACEMENT

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Far Resources Ltd. has closed a non-brokered private placement of two million common shares at a price of 10 cents per share for gross proceeds of $200,000.

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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.

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The private placement is subject to the approval of the Canadian Securities Exchange and the securities will be subject to a four-month hold period under securities laws.

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About Far Resources Ltd.

Far Resources is a Canadian battery and technology metals exploration and development company with projects in Canada and the United States.

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