Bryn Resources Inc. Announces Signing of the a Rescission Agreement with DRLLC
December 07 2009 - 8:51PM
PR Newswire (US)
TORONTO, Dec. 7 /PRNewswire-FirstCall/ -- Bryn Resources Inc
(PINKSHEETS: BRYN) (PINKSHEETS: BRYN) is pleased to announce the
signing of a Rescission agreement between itself and DRLLC in
respect of the DRLLC claims in Nevada which were the subject matter
of an agreement entered into between Bryn Resources and DRLLC dated
December 29th 2008. Bryn Resources will seek approval from its
Board for the cancellation of the shares issued in furtherance of
the original agreement to be effective on a date yet to be
determined but in any event prior to January 15th 2010 when the
shares would have otherwise become free trading. Bryn Resources
will keep its shareholder up to date by announcing the date upon
which the board will effectively cancel the shares. Forward-looking
statements in this release are made pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements
involve risks and uncertainties, including without limitation,
continued acceptance of the Company's products, increased levels of
competition for the Company, products and technological changes,
the Company's dependence on third-party suppliers, and other risks
detailed from to time in the Company's periodic reports filed with
the Securities and Exchange Commission. DATASOURCE: Bryn Resources
CONTACT: Bryn Resources Inc, Paul Diana, (416) 347-6548
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