Cypress Development Corp. : Announces Private Placement
(Thomson Reuters ONE) -
Cypress Development Corp. /
Cypress Development Corp. : Announces Private Placement
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The issuer is solely responsible for the content of this announcement.
TSX-V Trading Symbol: CYP
Email: info(at)cypressdevelopmentcorp.com
May 19, 2015
Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCBB: CYDVF)
(Frankfurt: C1Z1) (the "Company") announces that it has arranged a non-brokered
private placement of up to 4,166,667 units (the "Unit") at a price of $0.06 per
unit to raise proceeds of up to $250,000. Each Unit consists of one common
share and one non-transferable share purchase warrant (the "Warrant"). Each
Warrant will entitle the holder to purchase one common share for a period of two
years at a price of $0.08 per share.
The Company intends to utilize the proceeds from this private placement to
further advance its zinc and gold projects and for general working capital
purposes.
A finder's fee of up to 7% cash and 7% non-transferable warrants (the "Finder's
Warrants") may be paid in connection with part of this private placement. Each
Finder's Warrant will entitle the finder to purchase a common share at a price
of $0.08 per share for a period of two years from the closing date of the
private placement.
The private placement is subject to TSX Venture Exchange acceptance.
About Cypress Development Corp.:
Cypress Development Corp. is a diversified precious and base metals exploration
and development company with properties in Red Lake, Ontario, Canada, and in
Nevada and Oregon, U.S.A. The Company has approx. 15 million share outstanding.
To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website
at www.cypressdevelopmentcorp.com.
CYPRESS DEVELOPMENT CORP.
"Don Huston"
DONALD C. HUSTON
President
For further information contact myself or:
Don Myers
Director
Cypress Development Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info(at)cypressdevelopmentcorp.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may be deemed to be "forward-
looking statements". All statements in this release, other than statements of
historical facts, that address events or developments that management of the
Company expects, are forward-looking statements. Although management believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those
in the forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change. Factors that could cause actual
results to differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued availability of
capital and financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for further
information.
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4
www.cypressdevelopmentcorp.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cypress Development Corp. via GlobeNewswire
[HUG#1922671]
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2015 - 19:22 Uhr
Sprache: Deutsch
News-ID 394415
Anzahl Zeichen: 4648
contact information:
Town:
VANCOUVER
Kategorie:
Business News
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