Ferro-Alloy Resources Ltd (LSE:FAR) confirmed to investors it has now sold all bonds issued in its US$5 million second tranche of the Kazakhstan exempt offer bond programme.
The proceeds are expected to help accelerate the development of the Balasausqandiq project, including front-end engineering.
Trading of the second tranche of bonds on the Astana International Exchange commenced on 20 September 2023, it noted in a statement.