Crosshair Exploration & Mining Corp. (TSX:CXX)(NYSE Amex:CXZ) announced the closing today of a non-brokered private placement with a single institutional investor of 2,000,000 flow-through shares of Crosshair at a price of $0.25 per Flow-Through Share for gross proceeds of $500,000.

The press release is quoted as saying:

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

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