Cypress Development Corp.: Directors Re-Elected at AGM

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/27/15 -- Cypress Development Corp. (TSX VENTURE: CYP) (OTC PINK: CYDVF) (FRANKFURT: C1Z1) ("Cypress" or the "Company") is pleased to announce that it held its annual general meeting on May 26, 2015. The Company reports that Donald C. Huston, James Pettit, Donald G. Myers and Amanda Chow were re-elected directors of the Company. In addition, disinterested shareholders approved the repricing of options to insiders from an exercise price of $0.50 per share to the current market price of $0.08 per share. Shareholders also re-appointed Davidson & Company, Chartered Accountants, as auditors and approved the renewal of the Company's Incentive Stock Option Plan.

About Cypress Development Corp.:

Cypress Development Corp. is a diversified precious and base metals exploration and development company with projects 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 VENTURE: CYP), visit our website at .

CYPRESS DEVELOPMENT CORP.

Donald C. Huston, President

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.



Contacts:
Cypress Development Corp.
Donald C. Huston
President
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)

Cypress Development Corp.
Don Myers
Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)

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Bereitgestellt von Benutzer: Marketwired
Datum: 27.05.2015 - 15:27 Uhr
Sprache: Deutsch
News-ID 396182
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VANCOUVER, BRITISH COLUMBIA

Kategorie:

Mining & Metals

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