Target shareholders & B.C. Supreme Court approve merger

Crosshair Exploration and Target Exploration reports that Target’s shareholders in favour of the previously announced business combination with Crosshair and final court approval was received.

 The business combination is expected to close on March 31, 2009. The special meeting (the “Meeting”) of Target Shareholders took place on Monday, March 23, 2009. A special resolution approving the Plan of Arrangement of Target, whereby Crosshair would acquire all of the issued shares of Target and Target would become a wholly-owned subsidiary of Crosshair (the “Arrangement”), was passed by a vote of over the required two-thirds of the aggregate votes cast by Target shareholders present in person and by proxy at the Meeting. In excess of 99% voted in favour of the Arrangement. Additional information concerning the Arrangement is provided in Target’s Information Circular dated February 27, 2009, which is available at www.sedar.com.

For full details of this press release, click this link. To view Target’s company profile, click here. To view Crosshair’s company profile, click here. Follow developments in resource mining and exploration for free.
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