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The Company staked claims
covering 12,774 ha in the vicinity of Cluff Lake uranium mine in early
2008. Airborne VTEM surveys have been carried out as a first pass new
assessment of the property.
On November 27, 2009 - CanAlaska announced the acquisition of the Cluff Lake project data and mineral claims ("Project"), located in the Western Athabasca Basin, from Hawk Uranium Inc. (TSX.V -- HUI) ("Hawk").
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.

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NEWS SUMMARY |
Nov 27, 2009 : CanAlaska Acquires Cluff Lake Uranium Project (more...)
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