Brief: Cypress Development Enters Into Water Rights Purchase And Sale Agreement In Clayton Valley, Nevada

Century Lithium

08/09/2021 13:48

Sept 8 (Reuters) - Cypress Development Corp  CYP.V :
    * CYPRESS DEVELOPMENT ENTERS INTO WATER RIGHTS PURCHASE AND
SALE
AGREEMENT IN CLAYTON VALLEY, NEVADA
    * CYPRESS DEVELOPMENT CORP - PURCHASE PRICE FOR PERMIT IS
US$3
MILLION TO BE PAID IN A COMBINATION OF CASH AND CYPRESS COMMON
SHARES
    * CYPRESS DEVELOPMENT CORP - PURCHASE PRICE INCLUDES AN
INITIAL
NON-REFUNDABLE CASH PAYMENT OF US$150,000 (PAID)
    * CYPRESS DEVELOPMENT - PURCHASE PRICE INCLUDES FINAL
PAYMENT OF
US$2.85 MILLION ON RECEIPT OF ALL NECESSARY APPROVALS, TRANSFER
OF PERMIT TO CYPRESS

Source text for Eikon:  ID:nCNW0pWnJa 
Further company coverage:  CYP.V 

 ((Reuters.Briefs@thomsonreuters.com;))