Farallon to issue special warrants

Farallon Resources (VSE) has entered into a letter of agreement with underwriters to issue between 2.5 million and 3.2 million special warrants, at a price of $6.25 each, for proceeds of up to $20 million.

Proceeds of the offering will be used to finance exploration at the company’s Campo Morado gold property in Mexico’s Guerrero state. The transaction is subject to regulatory approval.