Far West cancels C$10.17 million private placement of units

By Devika Patel

Knoxville, Tenn., Dec. 12 - Far West Mining Ltd. said it will not proceed with a C$10,167,500 private placement of units. The deal priced on Nov. 29.

Vancouver, B.C.-based Far West, a mineral exploration company primarily engaged in the evaluation, acquisition and exploration of mineral properties in Chile, Argentina and Australia, said that unfavorable equity capital market conditions led to the company's decision to cancel the offering.

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