Cypress Development Increases Financing to $1.2-million

Cypress Development Corp. (TSXV:CYP) (OTCBB:CYDVF) (Frankfurt:C1Z1) (“Cypress” or the “Company”) is pleased to announce that, due to investor demand, it has increased the amount to be raised under its previously announced non-brokered private placement of Units to up to $1,200,000 CDN. The Units are being offered at a price of C$0.10 per Unit with each Unit consisting of one common share of the Company and one common share purchase Warrant. Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.13 for a period of 24 months following the closing of the offering. Please see the Company’s press release of September 13, 2017 for further details regarding the offering.
The Company intends to utilize the proceeds from the private placement to complete a drilling program on Cypress’ 100% held Dean and Glory Lithium Projects in Clayton Valley, Nevada and for general working capital purposes. The private placement is subject to TSX Venture Exchange acceptance.
Cypress Clayton Valley, Nevada Lithium Projects location map:
https://www.cypressdevelopmentcorp.com/i/maps/CYP-Clayton-topo-satalite-small.jpg
About Cypress Development Corp.:
Cypress Development Corp. is a publicly traded lithium and zinc exploration company that continues to acquire and develop potentially viable mineral projects in the State of Nevada, U.S.A.
Cypress Development Corp. has approx. 35.5 million shares issued and outstanding.
To find out more about Cypress Development Corp. (TSXV: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@cypressdevelopmentcorp.com
Click here to connect with Cypress Development Corp (TSXV:CYP) to receive an Investor Presentation.

Source: www.cypressdevelopmentcorp.com