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The increased loss is mainly attributable to higher depreciation charges (approximately $76,000) and water assessment fees (approximately $75,000) relating to the water rights and other assets acquired in the Arkansas River valley on August 31, 2006. Pure Cycle Corporation (NASDAQ: PCYO) is pleased to announce the acquisition of a large new surface water supply totaling approximately 60,000 acre-feet of senior 1883 water rights in the Arkansas River Valley through the acquisition of over 21,300 shares of the Fort Lyon Canal Company. |
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