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Saturday, August 13, 2011 9:50:58 PM
PRECIOUS METALS EXPLORATION... Only going to get better here as uncertainty floods wall street.
AWESOME NEWS ON FRIDAY $$$: http://ih.advfn.com/p.php?pid=nmona&article=48800071
Bryn Resources Inc. Announces Non-Dilutive Credit Facility Agreement
Date: 08/11/2011 @ 3:05PM
Source: PR Newswire
Stock: Bryn Resources (PC) (BRYN)
Bryn Resources Inc. (PINK: BRYN) (PINKSHEETS: BRYN.PK) is pleased to announce that it has finalized a Non-Dilutive Credit Facility Agreement with a Switzerland Financing Company which will provide Bryn Resources Inc. access to a minimum of $20 Million and a maximum of $100 Million in funding per exploration property that is 43-101 or near 43-101 compliant.
"We are extremely pleased to have this facility in place. As we begin preparations to commence work on our two properties, Wine Harbour and Renfrew, with a view to making them 43-101 compliant we now have secured a facility to finance the process that will allow us to proceed to the next step being the extraction and production phase. We have also opened the doors to seek out other properties that may be funded under the terms of our Credit Facility Agreement up to $100M per property that is 43-101 or near 43-101 compliant. This additional revenue stream can add significant revenue to the company", commented by Paul Diana, CEO.
Bryn Resources Inc. is in final discussion to begin the first phase of consulting and ground assessment which will include an evaluation of the resource potential of these mineral claims towards a 43-101.
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