Mr. Ted Fostey reports
CYPRESS HILLS RESOURCE CORP. ANNOUNCES PRIVATE PLACEMENT
Cypress Hills Resource Corp. has arranged a non-brokered private placement of up to 10 million shares at the price of seven cents each for total proceeds of $700,000.
The net proceeds of the private placement will be used for asset evaluations, debt repayment and general working capital.
Closing of the private placement is subject to the receipt of all applicable regulatory and board approvals.
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