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Wednesday, April 29, 2009 10:46:00 AM
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 28, 2009
Crosshair Exploration & Mining Corp. (Toronto:CXX.TO - News)(AMEX:CXZ - News)(CXZA - News) ("Crosshair") announces that it has commenced an action in British Columbia Supreme Court against Universal Uranium Ltd. ("Universal") alleging that Universal had knowledge of trades that artificially inflated the market price of shares of Universal at the time that Crosshair agreed to purchase property and securities of Universal. The action relates to certain agreements (the "Agreements") Crosshair entered into with Universal to acquire all of Universal's interest in its project in the Central Mineral Belt of Labrador and to purchase securities of Universal by way of a private placement. Further details of the Agreements are disclosed in press releases of Crosshair dated May 23, 2008 and July 30, 2008.
Those illegal trades should get this one moving like crazy.
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