Cypress Energy Inc. Share Distribution Approved.CALGARY, Alberta--(BUSINESS WIRE)--June 30, 1998-- Cypress Cypress, city, United States Cypress (sī`prəs), city (1990 pop. 42,655), Orange co., S Calif. near Long Beach; inc. 1956. Forest Lawn–Cypress, a branch of the famous cemetery in Glendale, Calif. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CYZ.A.) (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :CYZ.A.) Cypress Energy Inc. ("Cypress") is pleased to announce that it has received receipts from the securities commissions in the Provinces of Alberta and Ontario dated June 25 and 26, 1998 respectively, for its final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. qualifying the distribution of 4,000,000 Class A Shares of Cypress issuable upon exercise of the 4,000,000 special warrants issued April 21, 1998. Holders of special warrants may now exercise their special warrants and receive one Class A Share of Cypress for no additional consideration. Cypress raised gross proceeds of $20,600,000 through the issuance of the special warrants, which proceeds were used initially to reduce bank debt and ultimately will be used to fund the company's ongoing exploration and development activities. This financing was underwritten by a syndicate of underwriters led by First Marathon Securities Limited, and which included Griffiths McBurney &Partners,Midland Walwyn Capital Inc., FirstEnergy Capital Corp. and Peters & Co. Limited. Cypress is a Calgary-based, publicly traded Canadian energy company involved in the exploration, development, acquisition and production of crude oil and natural gas in western Canada
Western Canada, commonly referred to as the West . The company's shares are listed on the Toronto and Alberta Stock Exchanges under the symbol CYZ.A. Neither the TSE nor the ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. has approved or disapproved the information contained herein.
CONTACT: Cypress Energy Inc.
Donald F. Archibald, 403/262-8225
403/263-7433 (FAX)
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