BRYN Resources Inc. Comments on Recent Share Price Activity

PR Newswire

posted: 16 DAYS 19 HOURS AGO

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TORONTO, Nov. 9 /PRNewswire-FirstCall/ - BRYN Resources Inc (PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK). The company has received numerous shareholder inquiries in regards to recent activity in the company's share price. BRYN Resources Inc. has been actively discussing potential acquisitions with investment bankers, intermediaries and mining company principals in the United States and Canada.

The goal of these acquisitions is to develop a portfolio of properties that have high gold exploration potential and/or production potential. Management of BRYN Resources Inc. is proactively involved in closing a production deal at the time of this press release. We expect to be able to update our shareholders in the next ten business days or earlier.

BRYN Resources Inc. is committed to preserving the integrity of our shareholders interest in the company and to that end we have sought out acquisitions which will enhance and add to the value of the company. If we are able to close this production deal, we expect the cash flow to be in the several millions of dollars.

Lastly, we expect to be able to update shareholders about some new management and board appointments that will help the company move forward with the above mentioned goals. This new personnel will be mandated to integrate all new acquisitions and fast track the up listing of the company to a more senior exchange.

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, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

SOURCE Bryn Resources

2009-11-09 10:29:00