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HUGE NEWS-CYPRESS SECURES FUNDS FOR PILOT PLANT TO BEGIN MINING
3:35p ET 2/8/2021 - Globe Newswire
Cypress Development Announces C$8.5 Million Bought Deal Offering
Mentioned: CYDVF
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Cypress Development Corp. (TSXV: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) ("Cypress" or the "Company"), is pleased to announce that it has entered into an agreement with PI Financial Corp. as the sole underwriter and bookrunner (the "Underwriter") pursuant to which the Underwriter has agreed to purchase, on a bought deal basis pursuant to a short form prospectus, 6,800,000 units (the "Units") of the Company at a price of C$1.25 per Unit (the "Offering Price") for gross proceeds of C$8,500,000 (the "Offering"). Each Unit shall consist of one common share of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant shall be exercisable for one common share of the Company for a period of 36 months from the Closing Date (as herein defined) at an exercise price of C$1.75.
In addition, the Company has granted the Underwriter an option (the "Over-Allotment Option"), exercisable in whole or in part, for a period of 30 days following the Closing Date, to purchase up to an additional 15% of the Units sold pursuant to the Offering, on the same terms as the Offering, to cover over-allotments and for market stabilization purposes.
The net proceeds from the Offering are expected to be used by the Company to fund ongoing work on the Company's Clayton Valley Lithium Project in Nevada and for general working capital purposes.
Closing of the Offering is expected to take place on or about March 3, 2021, and is subject to certain conditions including, but not limited to the receipt of all applicable regulatory approvals including approval of the TSX Venture Exchange.
The Units to be issued under the Offering will be offered by way of a short form prospectus to be filed in each of the provinces of Canada, except Quebec. The Units may also be offered in the United States to Qualified Institutional Buyers pursuant to exemptions from the registration requirements of the United States Securities Act of 1933 as amended, (the "U.S. Securities Act"), in a manner that does not require the Offering to be registered in the United States, and in certain other jurisdictions in accordance with applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the U.S. Securities Act, or the securities laws of any state of the United States and may not be offered or sold within the United States (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
About Cypress Development Corp.
Cypress Development Corp. is a publicly traded exploration company focused on developing the Company's 100%-owned Clayton Valley Lithium Project in Nevada. Exploration and development by Cypress discovered a world-class resource of lithium-bearing claystone adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation. The size of the resource makes the Clayton Valley Project a premier source that has the potential to impact the supply of lithium for the fast-growing global energy storage battery market.
For Additional Information Please Contact:
Dr. William WilloughbyDirector & Chief Executive
Cypress has been halted,
News pending. HOW BIG IS IT?
Heading back up, CYDVF has it over LIACF by a mile - short term target for CYDVF is 2.51
Support held...
I'm back in
futr
The calm before the storm....has cooled,but then again soared without news from company. Once they announce plans and construction of pilot plant we run to $3-5 US.
Share structure same and no dilution.
It sucks going back down, but think we are still in a gem and great opportunity to buy low one last window.
Have a great Super Bowl weekend!!
Added some shares today.
Cypress will be heading back north shortly- great opportunity to buy!
Would love to see this fall .82 I would sell I would take a second mortgage and put it all in this stock
Jazz - thanks for your post. Did you mean BKTPF for Cruz?
Congrats-Awesome runner !!!
Missed on Noram didn’t have enough extra $$ to get in and looks like this will go a lot higher
Just have Cypress and Spearmint as my lithium plays unfortunately
And Metallic metals my cobalt and STHC-Ameca my graphite plays
LOL obviously you are a chart trader . . . thats cool.
LOL but what is the chart in C$ ??
Rolled? Been in LIACF for over a week . . .
Kay, so what ELSE is frickin' needed for lithium batteries ???.....
Nickel !..........Magnesium !....... Copper !................Vanadium !......
Cobalt !...........Palladium !............Graphite !.............etc.
Social media just hasn't quite figured that out yet !......
But one of these days they most probably will....
Although, mind you, by THAT time THIS lithium gush may have somewhat chilled off
Just goin' with lithium for now.
The Role Of Social Media In Modern Investing......by nw2020
Agreed - healthy flush of the weaklings was badly needed -
Rebounded like a heavy weight champ!!!!
Have a few K shares from 0.5x, but I was really hoping for a correction as I want to add another 5-6K. Didnt expect such an increase in the SP, but it seems everything what is lithium is on fire now. This is gonna be a nice investment in the 3-5 years in my opinion. Wanted to grab a bit more in LIACF and to build up a position Neo Lithium as well...maybe correction comes there as well?
Major correction and was due and expected as RSI was through the roof.
It will recover and go higher than before!
That was the kiss of death - j/k but this needs a breather and a little consolidation. The pause that refreshes . . .
Cypress $1.92 weeeeeeeeee!!!!
Best Lithium play out there !!!!!
Awwww man ?.....Dang me !..... https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160520124
Why I've just GOT TO start doing a MUCH better job of creating STOP BUYS (or whatever their nomenclature is - I've simply been too lazy to research the topic)
Too lazy? to create a good Watchlist as well....
Might not just be laziness tho - Could be in large part our Cdn Banks' useless trading (watchlist) platforms....
I swear - That if I could just be provided with "proper" galleries of charts.....
It's the easiest thing in the world to spot winners !
Cypress $1.73 and just keeps going up
Go baby . . . might still load more ENRT
Boy, sure wish I'd've kept both but the very next day after exiting Cypress I dove headlong into this.....(so, in a sense it's very-much as though I never DID exit Cypress)
Good on YOU for holding BOTH !.....Must truly be elated today !
PS : I've virtually NO idea what either do (or, essentially very LITTLE)......
So you're right - Me I'm just flying blind and "going by" charts.
I like it when a companys' name has "American" in it.....It can help attract the patriotic.
Sweet huh ? COULD be good !........Lotsa ACTION out there eh ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160865989
Especially if Tokyo keeps headin' to 40 !
No, I can't really criticize anyone for getting off in a parabolic move, if all you are doing is looking at a chart. Its like flying blind, unless you know why things are moving. But you have Cypress, who is huge in the Clayton Valley, with lithium as cheap as its probably gonna get, with Tesla, Elon Musk, domestic lithium production, all nice catalysts. I have a medium sized position (2.5% of my portfolio) .65 - now its 6.5% - I also have ENRT (which is partnering with Cypress with its patented extraction method), with SPMTF and LIACF, my other lithiums. Recently bought PWRMF at .21, sold .29 - have LODE (not a lithium play) from 1.05, but I have been trading that one for years. And I have NO problems getting back in something I just got out just to look things over. And back in even a little higher - I don't worry about losing a few cents of a move. Hope this helps. Sometimes just describing what I am doing clarifies my own thinking.
Yes bought and buying more today
Want 5000 shares before it hits 2 bucks
Yes this one has major potential
And is a Canadian company another plus
-I trust them more than a lot of US owned penny stocks
On CSE BOL
Still own a lot of Cypress- has been a great blessing owning this stock!!
Really.........Nice.....($5 bucks EASY ?....)
Ooofta !.....Perhaps eh ?......So, have you bought this morn. ?
Found it doing my daily browsing/research
They hit $3.00 just 2 years ago when they started on this.
5 bucks EASY
And twenty to fifty in play in next year or two.
Ah.....Thank you so much for that heads up on BLO.....
How did YOU hear about it/them (just curious) ?.....
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Ablo&x=50&y=17&time=100&startdate=1%2F1%2F2012&enddate=2%2F10%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
See LIACF Board here - am hoping that THEY might become another Cypress
Toronto Exchange
Plus its' Marijuana stocks as well.....
Yesterday
You made some good bank though!!!
Hold some if you can.... still huge possibilities down the road
Check out BLOZF news today
This is going to go up big big
Cypress $1.66 !!!!!!!!!!
Going to $5.00
Computer fried out on me - Helped me to panic sell.
.40 Canadian cents ago ($1200)
.30 US cents ago - At around 1.28
Here now this morning she's at 2 Cdn - 1.55 US
Hit a $1.50 today
Valued at $4.75-5.00
And $6.00 Canadian
Plenty more profit to be made!
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