Crosshair Announces Closing of $1.5 Million Private Placement

Crosshair Exploration & Mining Corp. (TSX:CXX)(NYSE Amex:CXZ) announced the closing today of a non-brokered private placement with MineralFields Group of 6,818,180 units of Crosshair at a price of $0.22 per unit for gross proceeds of $1,499,999.60.

The press release is quoted as saying:

Crosshair is a prominent player in the exploration and development of uranium and gold in Canada and the US. 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.

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