Hawk Uranium Inc
SymbolHUI
Shares Issued52,934,921
Close 2009-11-26C$ 0.05
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Hawk Uranium to sell Cluff Lake to CanAlaska

2009-11-27 09:40 ET - News Release

Mr. Robert Stewart reports

HAWK SELLS CLUFF LAKE URANIUM CLAIMS

Hawk Uranium Inc. has entered into an agreement with CanAlaska Uranium Ltd. to sell Hawk's 100-per-cent interest in mineral claims and project data for the Cluff Lake project located in the Western Athabasca basin, Saskatchewan, in consideration for 1.25 million CanAlaska shares and a cash payment of $62,500. Hawk will retain a net smelter return of 2.5 per cent, of which 2 per cent will be purchasable by CanAlaska for payments of $2-million. The agreement is subject to the approval of the TSX Venture Exchange.

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