Crosshair reports delay of AGM to December 18, 2009

Crosshair Exploration & Mining Corp. reports that it has received Toronto Stock Exchange approval to hold its annual general meeting on December 18, 2009.

Crosshair was evaluating several transactions that may have required shareholder approval and chose to delay the holding of its AGM rather than incur the costs of holding multiple shareholder meetings in short succession. The Company has procured a suitable transaction in the previously announced concurrent private placements with Byron Securities Limited of up to $4 million (which does not require shareholder approval) and subsequent to the announcement of this transaction the Company set its AGM date as December 18, 2009. The Company was of the view that the potential cost savings to the Company benefited shareholders more than having its AGM within six months of the Company’s year end.

For complete details of this press release, click this link.

To view  Crosshair’s company profile, click here.

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