Cypress to Issue Shares to Willoughby & Associates, PLLC
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4
www.cypressdevelopmentcorp.com
TSX Venture Exchange Symbol: CYP
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
NEWS RELEASE
April 1, 2019
Cypress to Issue Shares to Willoughby & Associates, PLLC
Vancouver, BC - Cypress Development Corp. ( TSX-V: CYP) (OTCQB: CYDVF)
(Frankfurt: C1Z1) (“ Cypress” or the “ Company”) announces that it proposes to
issue to Willoughby & A ssociates, PLLC , a company controlled by William
Willoughby, CEO of the Company, 85,905 common shares of the Company , at a
price of $ 0.14 each for a total value of $ 12,026.70, as part o f compensation for
geotechnical services for the period January 1, 2019 to March 31, 2019, pursuant to
the Consulting Agreement dated January 1, 2018. The issuance of shares under the
Consulting Agreement has been approved by disinterested shareholders at Cypress’
Annual General Meeting held on July 18, 2018 and is subject to acceptance by the
TSX Venture Exchange. The shares are subject to a four -month and one- day hold
period commencing upon issuance.
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 has discovered a world- class resource of
lithium-bearing claystone adjacent to Albemarle's Silver Peak mine, North America's
only lithium brine operation.
Cypress Development Corp. has approx. 72.5 million shares issued and 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
Cypress Development Corp.
Director, Corporate Communications
2
Telephone: 604-639-3851
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
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 devel opment
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.