Bryn Resources Inc. Provides Corporate Update
18 Dezembro 2009 - 12:40PM
PR Newswire (US)
TORONTO, Dec. 18 /PRNewswire-FirstCall/ -- Bryn Resources Inc
(PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK) is pleased to provide
shareholders with this corporate update. Bryn Resources has been
reviewing a number of acquisition projects in the last month and
the company is close to closing on joint venture projects in South
America and Canada. Bryn Resources is also expecting final due
diligence documentation on a significant exploration target in
Western Africa. Current management is meeting with additional
management candidates today in Toronto. Bryn Resources anticipates
being in a position to announce appointments next week. Bryn
Resources has also begun discussions with investment bankers in
Toronto to list the company on the CNSX (http://www.cnsx.ca/). This
anticipating listing will prevent short sellers in the US from
selling the shares short. Bryn Resources will significantly benefit
with a listing on the CNSX including the ability to introduce the
company to a larger pool of Canadian institutional investors.
Additionally, Bryn Resources is planning to host an investor
conference call in early January 2010. Bryn Resource's management
has chosen early January because they anticipate having concluded a
series of structural and operational initiatives to maximize
shareholder value. The Company will release a call in number by
press release in the next five business days. 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, (905) 470-6430
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