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November 30, 2012
14:48 EDTCXZCrosshair terminates purchase and sale agreement with Strathmore
Crosshair Energy announces that it has terminated the Purchase and Sale Agreement dated October 29, 2010, between the company and Strathmore Resources and Strathmore Minerals with respect to the sale, by Strathmore, of 100% of the Juniper Ridge property. Crosshair said, "In light of Crosshair's new opportunity in Argentina, we have elected to terminate the 2010 purchase and sale agreement for the Juniper Ridge property in southern Wyoming in order to allocate our resources toward this immense prospect." As announced on October 25, Crosshair has entered into a Letter of Intent with Wealth Minerals to acquire Wealth's prospective uranium properties in Argentina; a land package encompassing more than 2,600 square miles located in Salta, Catamarca, and Chubut provinces.
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