To conserve funds and concentrate on acquiring an undervalued, advanced-staged project, Farallon Resources (VSE) has elected to terminate option agreements on two projects.
The company is dropping its option on both the Spanish Mine property in California and the FAR property in the Clear Creek area of the Yukon. Farallon, which has examined more than 200 potential acquisitions, has about US$100,000 in working capital and 5.4 million shares outstanding.
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