Canadian Warrants

Crosshair prospectus for $15-million offering
 
2008-04-09 14:52 MT - Prospectus Approved
Crosshair Exploration & Mining Corp. has closed its financing pursuant to its prospectus dated March 26, 2008, which was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador securities commissions on March 28, 2008, pursuant to the provisions of the applicable securities acts.
The TSX-V has been advised that the offering closed on April 4, 2008, for gross proceeds of $15,005,000.
Underwriters: Canaccord Capital Corp.; Thomas Weisel Partners Canada Inc.
Offering: eight million units and 3,575,000 flow-through shares; each unit comprises one common share of the company and one common share purchase warrant of the company
Unit price/share price: $1.25 per unit and $1.40 per FT share
Warrant exercise price/term: Each warrant entitles the holder to acquire one additional common share of the company at a price of $1.80 per warrant share for 18 months from the closing of the offering.
Underwriters' warrants: The underwriters received a cash commission of 6 per cent of the gross proceeds of the offered securities (as defined in the prospectus) and warrants entitling the underwriters to purchase such number of units equal to 6 per cent of the number of offered securities for a price of $1.25 per underwriters' unit, each underwriters' unit having the same terms as the units.
Overallotment option: The underwriters have been granted an option to purchase an additional number of units or flow-through shares, in any combination, equal to 15 per cent of the gross proceeds of the offering. The overallotment units will be issued at the unit offering price and the overallotment flow-through shares will be issued at the FT offering price, for a period of up to 30 days from the closing of the offering.
 
Listing of warrants
Effective at the opening April 10, 2008, eight million common share purchase warrants of the company will commence trading on the TSX Venture Exchange. The company is classified as a mineral exploration and development company.
Corporate jurisdiction: British Columbia
Capitalization: unlimited warrants with no par value of which eight million warrants are issued and outstanding
Transfer agent: Computershare Trust Company of Canada
 
Symbol: CXX.WT
Cusip No.: 22763R 11 9
 
The warrants were issued pursuant to the company's prospectus dated March 26, 2008. Each warrant entitles the holder to purchase one common share of the company at a price of $1.80 per share and will expire on Monday, Oct. 5, 2009.