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Warrant Symbol - CYP.WT.A
Number  Trading -
Expiration Date - November 18 1998
Cusip - 232922 11 2

Warrants called to trade news:
 
Rights offering proposed
 
1997-10-20 17:03 MT - News Release
The company will be conducting a rights offering by way of an exchange offering prospectus. The company expects its prospectus to be receipted by the BC Securities Commission on October 20 1997.

The company will be issuing to shareholders resident in BC as of October 28 1997 one right for each share owned as of the record date. Based on the present number of issued shares there will be total of 10,743,223 rights issued.

The rights will commence to trade an the VSE on October 24 1997 and will continue to trade until the close of business on November 18 1997. From November 13 1997 to November 19 1997 the rights will trade for cash only.

Each five rights plus $0.55 will allow the holder to subscribe for and purchase one flow-through unit of the company up to 4:00 pm November 18 1997. After that date the unexercised rights will be void and of no force or effect.

Each flow-through unit of the company will consist of one flow-through common share and one series A flow-through share purchase warrant.

Each series A flow-through warrant will entitle the holder to purchase a further flow through common share in the company at $0.55 up to November 18 1998. Subject to distribution requirements being met, the series A flow-through warrants will commence to trade on the VSE on or about November 19 1997.

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