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Message: cxx closes their financing

cxx closes their financing

posted on Apr 06, 2010 10:14AM

still not happy that after they said they would not dilute, they did exactly that....does Peter still have them as a client?

Crosshair Exploration & Mining Closes Private Placement With MineralFields Of 6.82 Mln Units At $0.22 For Gross Proceed

Crosshair Exploration & Mining Closes Private Placement With MineralFields Of 6.82 Mln Units At $0.22
For Gross Proceeds Of $1.50 Mln - Quick Facts

Thu Apr 01 18:13:00 2010
EDT
(RTTNews) - Crosshair Exploration & Mining Corp. (CXZ, CXX.TO) said it closed a non-brokered private

placement with MineralFields Group of 6.81 million units of Crosshair at a price of $0.22 per unit for

gross proceeds of $1.49 million. Each Unit consists of one Flow-Through Common Share, which qualifies

as a "flow-through share" for the purposes of the Income Tax Act, and one half of one transferable non-flow-through

share purchase warrant. Each full Warrant has a two year term and is exercisable for one non-flow-through

Common Share at an exercise price of $0.35 per Common Share for the first year and $0.40 for the second

year following the date the Private Placement closes.

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