Bryn Resources Inc. Announces Signing of the a Rescission Agreement with DRLLC

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, [phone]

Copyright