Bryn Resources Inc rescinds its agreement with DRLLC - 80 Million Shares to be cancelled
04 Décembre 2009 - 11:14PM
PR Newswire (US)
TORONTO, Dec. 4 /PRNewswire-FirstCall/ -- Bryn Resources Inc
(PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK) announces today that it
has notified Development Resources LLC, a limited liability company
incorporated under the laws of the State of Utah, through its
corporate solicitor that it will rescind the agreement entered into
between itself and DRLLC on December 28th 2008. In furtherance of
the aforesaid decision Bryn Resources will also cancel the 80
million shares issued which were scheduled to become free trading
on January 15th 2010. Bryn Resources will continue to focus on
properties with proven reserves and in that quest has targeted some
new acquisitions the particulars of which will be released shortly.
Bryn Resources wishes the best of luck to DRLLC in its exploration
endeavours. 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: Paul Diana, (416) 399-7625
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