Other recent news...
News July 29, 12:48 Eastern Time
Indocan Resources Announces 10 Million Share Buyback
MONTREAL (July 29) BUSINESS WIRE -July 29, 1998--Indocan Resources Inc. (OTC BB: IDCN) Given the current price of the company
shares and the company's excellent state of financing, the company has decided to repurchase up to ten million of its common shares in the open
market during the coming two months.
SH/dx*
CONTACT: Indocan Resources Inc., Montreal
Jeffrey R. Bruhjell, 604/929 7224
e-mail: jeffreyb@axion.net
KEYWORD: NEW YORK
INDUSTRY KEYWORD: OIL/GAS ENERGY MINING Today's News On The Net -
Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
------------------------------------------------------------------------
News July 20, 11:47 Eastern Time
Indocan Resources Inc. - $4 Million Private Placement
MONTREAL, QUEBEC (July 20) BUSINESS WIRE -July 20, 1998--Indocan Resources Inc. (OTC BB: IDCN) The company has accepted USD
$4,000,000 from a European investor in exchange for 10,000,000 shares being issued pursuant to Rule 144. These shares will be restricted from
transfer for at least one year. The company will use $1 million of the funds for its division, Prodigy Resources Inc.'s property at Isaac's Harbour,
Nova Scotia. The company plans to drill four holes 200 to 300 meters deep at selected areas. Our geologist recommend the specific sites as the
recent assays of July 13, 1998 indicated some very high gold results.
DP/at*
CONTACT: Jeffrey R. Bruhjell, 604/929-7224
e-mail: jeffreyb@axion.net
KEYWORD: NEW YORK
INDUSTRY KEYWORD: MINING Today's News On The Net - Business Wire's
full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com |
