BRYN, BIG NEWS OUT THIS MORNING, The company has financing and the acquisition will go ahead as planned

BRYN is holding up well this morning in the .30′s. The stock has been under accumulation for a couple of weeks now.

As per the last PR by the company, BRYN is attracting a lot of institutional interest.

They recently announced the acquisition of a property which will generate $33 Million in revenue.

Today BRYN announced that they have the financing to complete that deal.

THIS IS HUGE.

THIS IS FURTHER CONFIRMATION THAT BRYN IS REAL AND WE THINK MEMBERS SHOULD BE ADDING TO THEIR POSITIONS.

Bryn Resources Inc. Completes Financing LOI with Prospera Management Corp

2009-11-19 10:32 ET – News Release

TORONTO, Nov. 19 /PRNewswire-FirstCall/ – BRYN Resources Inc (PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK). Bryn Resources Inc is pleased to announce that it has finalized the terms of a letter of intent with Prospera Management Corp. and both Bryn Resources and Prospera have executed the LOI. Pursuant to the LOI Prospera will raise $2,000,000, being all of the funds required to satisfy Bryn Resources obligations under the LOI agreement entered into with Cayenne Gold Mines Ltd. thereby crystallizing Bryn’s 45% interest in The Windflower Property. The funding by Prospera is to match the requirements of Bryn Resources under its LOI with Cayenne.

The LOI with Prospera includes conditions for repayment of the funds advanced to Bryn Resources from the proceeds of the processing of the 10,000 ton bulk sample. Under the terms of the LOI with Cayenne, the processing will be initiated upon the execution of the JV Agreement between Bryn Resources and Cayenne the final terms of which are now being finalized.

Bryn Resources has by this LOI completed the steps necessary to earn its 45% interest in the Cayenne property and further its objectives as an exploration company. Bryn Resources continues to negotiate with Cayenne in respect to its other holdings.

Bryn Resources is also in negotiations with financiers in a bid to raise the funds necessary to participate in the balance of Cayenne’s properties with proven reserves, including options on the additional 30,000 oz of proven gold mineralization which at present values would generate $33,000,000 subject to extraction costs. Bryn Resources continues to investigate the procurement of additional properties and options.

Bryn Resources

CONTACT: Bryn Resources Inc, Paul Diana, (416) 347-6548