CanAlaska Acquires Cluff Lake Uranium Project

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Fri, Nov 27, 2009
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

CanAlaska Uranium Ltd. reports the acquisition of the Cluff Lake project data and mineral claims located in the Western Athabasca Basin, from Hawk Uranium Inc.

CanAlaska will purchase 100% of the project from Hawk for 1,250,000 Company shares and a cash payment of Cdn$62,500, subject to the approval of the TSX Venture Exchange. Hawk will retain a 2.5% Net Smelter Return (NSR), 2% of which will be purchasable by CanAlaska for payments of Cdn$2.0 million.

For full details of this press release, click this link.

Uranium Investing News researchers discovered CanAlaska’s project described on their website.

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