Bryn Resources Inc (BRYN)

[hcggroup]

At midday, BRYN our #1 gold play is trading at $0.51 up 16% on healthy volume as the shorts continue to feel the pain.


BRYN was out this morning with an announcement that they have:

"entered into a confidentiality agreement with Trueclaim Exploration Inc., a publicly listed TSX company, which carries on business as a mineral exploration and mining company (http://www.Trueclaim.ca )." and " This is the first step leading to what the parties expect to be the execution of an LOI in respect to a Joint Venture Agreement in regards to the Montauban Property in Quebec. Bryn Resources recently entered into an LOI with Dominic Gingras to purchase of a majority interest in this property."

Here's a little D.D for our members on Trueclaim Exploration Inc:

Trueclaim is building a growing list of Canadian properties for mineral exploration and development.
A mineral exploration company with a growing portfolio of gold properties.
Properties located in prospective areas with long histories of mining
Properties located in mine-friendly Ontario.
The directors and management team bring to the company decades of practical experience in mineral exploration, development, mining and processing.
Listed on the TSX-Venture exchange (Symbol: TRM)
Management at Trueclaim is stacked with seasoned veterans from the mining industry.

Trueclaim has 2 properties on the go right now:

Scadding: http://www.trueclaim.ca/scadding-property.php

Sandeb: http://www.trueclaim.ca/sandeb-property.php

This is very exciting news for shareholders of both companies as the combined efforts of BRYN and TRM will be sure to increase shareholder value in the near term



The short squeeze has begun, we are noticing more and more market makers known to be short getting very nervous as their capital is depleted daily.

The fun is just starting, $.50 was crossed today, breaking some minor upside resistance.
A near term double from here is in our sights