Cypress Hills Resource Corp V.CHY.H

Cheyenne Energy to raise $1-million privately

[I_luv_GVG]

Hello everyone, Cheyenne Energy to raise $1-million privately 2007-10-09 17:25 ET - News Release Mr. Tim Cooney reports CHEYENNE ANNOUNCES AMENDED TERMS TO ITS PREVIOUSLY ANNOUNCED FLOW-THROUGH SHARE PRIVATE PLACEMENT FINANCING Cheyenne Energy Inc. has amended the terms of its previously announced private placement offering. Its agent, Union Securities Ltd. of Calgary, Alta., will offer, on a best-efforts basis, a flow-through share private placement to raise gross proceeds of up to $1-million through the issue of 6,666,667 common shares on a flow-through basis of the company at 15 cents per share. Cheyenne has agreed to pay Union a commission of 8 per cent of the gross proceeds and broker options equal to 10 per cent of the securities sold. Cheyenne will use the net proceeds for further development of the company's Hawk play in northwestern Alberta (Township 97, Range 20, west of fifth meridian) and for working capital. We seek Safe Harbor. Cheers, I_luv_GVG