November 19, 2009
Crosshair Exploration &Mining Corp. (TSX:CXX) completed concurrent private placements of 5,000,000 units at a price of $0.20 per unit and 5,100,000 flow-through shares at a price of $0.25 per flow-through share for aggregate gross proceeds of $2,275,000. Each unit consisted of one common share and one common share purchase warrant. Each warrant entitles the holder to subscribe for one additional common share at a price of $0.30 for a period of 24 months. Byron Securities Limited acted as agent in respect of both the private placements.
Wildeboer Dellelce LLP represented Byron Securities Limited with a team that included Peter Simeon and Darryl Holyday (corporate/securities) and Kevin Fritz and Andrea Shreeram (tax).