03:48 PM EST - Cypress Development Corp. : announced that Skyharbour Resources Ltd. has signed a definitive agreement to sell its 100% interest in the South Bay Project and its 20% interest in the McKenzie Island Project to Cypress Development. In consideration for the property interests, Cypress will pay $40,000 in cash and issue one million common shares to Skyharbour. Cypress Development Corp.
shares V.CYP are trading up $0.005 at $0.03.
