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Multiple buying at Cypress Development (V:CYP)

Updated Thursday Oct 19, 2017 01:22 AM EDT

William Wesley Willoughby, a Director, acquired 511,870 Common Shares on a direct ownership basis at a price of $0.100 through a prospectus or prospectus exempt offering on October 17th, 2017. The insider also acquired 511,870 Warrants with an exercise price of $0.130 for 24 months. This represents a $51,187 investment into the company's shares and an account share holdings change of greater than 100%.

On the same terms, Donald George Myers, a Director, acquired 500,000 Common Shares and 500,000 Warrants on an indirect ownership basis for registered holder RRSP. This represents a $50,000 investment into the company's shares and an account share holdings change of 48.7%. Donald Carl Huston, CEO and Director, acquired 150,000 Common Shares and 150,000 Warrants on a direct ownership basis. This represents a $15,000 investment into the company's shares and an account share holdings change of greater than 100%.

Cypress Development is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Cypress Development Corp. is a Canada-based exploration company. The Company is principally engaged in the acquisition, exploration and evaluation of resource properties. The Company holds interest in certain claims known as the McKenzie Island claims located in the Dome and Fairlie Townships, Red Lake District, Kenora Mining Division of Ontario. The Company also holds interest in claims located in White Pine County, Nevada. The Company also holds interest in approximately 50 claims located in Malheur County, southeastern Oregon. The Company operates through its subsidiary Cypress Holdings (Nevada) Ltd, which holds interest in Alkali Valley lithium brine project located in Esmeralda County, Nevada.

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Go to Cypress Development Corp. (CYP)'s company page

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