Cypress Hills Resource Corp.
TSX VENTURE : CHS

Cypress Hills Resource Corp.

November 17, 2009 18:44 ET

Cypress Hills Resource Corp. Consolidates Common Shares on a 10 for 1 Basis

CALGARY, ALBERTA--(Marketwire - Nov. 17, 2009) - Cypress Hills Resource Corp. ("Cypress") (TSX VENTURE:CHS) announces it has implemented the special resolution, approved at its annual and special meeting of shareholders held on July 24, 2009 (the "Shareholder Meeting"), for a consolidation of its issued common shares on a 10 for 1 basis, resulting in a total of 3,005,432 common shares of Cypress being outstanding. Effective at the opening of trading on November 18, 2009, the common shares Cypress will begin trading on the TSX Venture Exchange (the "Exchange") on a consolidated basis. Its trading symbol will change from "CHS" to "CHY".

Registered shareholders of Cypress are required to deliver their existing common share certificates (the "Pre-Consolidation Shares") to Cypress' registrar and transfer agent, Computershare Trust Company of Canada ("Computershare"), which will exchange the Pre-Consolidation Shares for new common share certificates of Cypress (the "Post-Consolidation Shares"). To receive Post-Consolidation Shares, registered shareholders should follow the instructions set out in the letter of transmittal delivered to shareholders with the Shareholder Meeting materials (the "Letter of Transmittal") and send their Pre-Consolidation Shares, together with the Letter of Transmittal, to Computershare. Computershare will then deliver, or hold for pick up, the Post-Consolidation Shares to which each registered shareholder is entitled, in accordance with the instructions given in the Letter of Transmittal. A Letter of Transmittal may be found at www.sedar.com.

Beneficial shareholders (i.e. shareholders whose shares are held through a brokerage account) are requested to contact their brokers for necessary coordination of the distribution of the Post-Consolidation Shares to which they are entitled.

Forward-looking statements:

Certain information set forth in this news release contains forward-looking statements and information ("forward-looking statements"). More particularly, this news release contains statements concerning the consolidation and listing of the Post-Consolidated Shares on the Exchange. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Cypress' control, including risk of delay. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Cypress' actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Cypress does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cypress Hills Resource Corp.
    Ted J. Fostey
    President and Chief Executive Officer
    (403) 265-7663