MARKETS

FAR: king of the fire sale as shareholders vote yes to Sangomar deal

FAR Limited's shareholders have approved the sale of their company's 13.67% stake in the Sangomar oil project to operator Woodside Petroleum for a low US$45 million at an extraordinary general meeting held this morning in Melbourne after multiple delays.

Helen Clark, Paul Hunt

Sangomar Phase 1 concept

Early this afternoon FAR said 97.25% of shareholders voted in favour. A week ago Remus Horizons pulled its takeover offer of 2.1c per share for the Melbourne-headquarted junior as the offer was apparently...

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