Crosshair and Universal Uranium Ltd. Settle Litigation

Crosshair Exploration & Mining Corp. (TSX:CXX)((NYSE Amex:CXZ) reported that the company has entered into a definitive agreement with Universal Uranium Ltd. (TSX VENTURE:UUL) to settle all outstanding litigation between Crosshair and UUL.

The press release is quoted as saying:

Crosshair is a prominent player in the exploration and development of uranium, vanadium and gold in the US and Canada. Its flagship Project, Bootheel, is located in uranium mining friendly Wyoming and with its in-situ mining potential; Bootheel is designed for near term production. The CMB Uranium/Vanadium Project is located in Labrador, Canada and has four currently defined resources – C Zone, Area 1, Armstrong and Two Time Zone. The Crosshair team is comprised of knowledgeable and experienced professionals with both exploration and mining backgrounds.

Click here to access the entire press release