Jan 8 (Reuters) - FAR Ltd FAR.AX :
* UPDATE ON REMUS PROPOSAL AND WOODSIDE SALE-FAR.AX
* REMUS IS PRESENTLY FINALISING FUNDING ARRANGEMENTS IN ADVANCE OF MAKING PROPOSED OFFER
* REMUS IS PRESENTLY SATISFIED THAT IT WILL NOT NEED TO UNDERTAKE ANY FURTHER DUE DILIGENCE ON FAR
* ANY PROPOSED OFFER EXPECTED TO BE SUBJECT TO REQUIREMENT THAT REMUS ACHIEVES A CONTROLLING INTEREST IN FAR
* HAS DETERMINED TO FURTHER POSTPONE SHAREHOLDER MEETING TO CONSIDER APPROVING WOODSIDE SALE
* CONTINUING TO ADVANCE NEGOTIATIONS WITH WOODSIDE
* IS NOT PRESENTLY INCLINED TO FURTHER POSTPONE SHAREHOLDER MEETING TO CONSIDER UPDATES IN RELATION TO REMUS PROPOSAL
* IT IS IN PROCESS OF PAYING RSSD PROJECT NOVEMBER 2020 CASH CALL AND DECEMBER 2020 CASH CALL
* REMUS MAY MAKE AVAILABLE TO FAR A US$50 MILLION WORKING CAPITAL LOAN FACILITY
* REMUS HAS ALSO ADVISED TERMS THAT MAY MAKE AVAILABLE TO FAR A US$50 MILLION WORKING CAPITAL LOAN FACILITY