IDCN - gold, garnet, etc. Message Board

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Microcap & Penny Stocks : IDCN - gold, garnet, etc.

IDCN 0.00001000

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Mar 6 3:00 PM EST

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To: Jeff who wrote (1237)	8/23/1998 3:46:00 PM
From: Mr Metals	Read Replies (1) of 5908

Who is this ANONYMOUS director? Why ANONYMOUS? HMMMMMMMMMM. An anonymous director reports Indocan Resources Inc - Board recommends acceptance of CMI Capital offer Indocan Resources Inc IDCN Shares issued 39,042,116 1998-05-26 close $0.17 Wednesday Aug 19 1998 An anonymous director reports On Aug. 11, 1998 the board of directors received a letter containing an offer. The board of directors has met to consider the offer from CMI Capital and its associates. The offer is as follows: "We and our associates in Zurich, Switzerland have examined the information available regarding your mining claim properties. We have a keen interest in the overall project and wish for you to consider our offer to purchase all the issued and outstanding capital shares of Indocan Resources Inc. at the price of 37.5 U.S. cents per share. We understand the board of directors is in a position to make this decision solely without the necessity of a shareholder meeting. Your prompt attention to this matter will be greatly appreciated. The offer is on an all or none basis and we expect that acceptance by the board of directors would indicate a reasonable assurance that more than 80 per cent of the capital stock would accept our tendered offer. This offer shall remain valid for three weeks, until 5:00 p.m. Montreal time, Tuesday, Sept. 1, 1998." The board of directors have voted today to accept the offer and recommend that the shareholders vote to accept it also. Since the board alone cannot deliver 80 per cent of the company a shareholder's meeting will be called. "We and our associates in Zurich, Switzerland WHO IS WE AND OUR ASSOCIATES??????? WHO THE HELL ARE THESE FOLKS? DO THEY REALLY EXIST?? NO WONDER THE OSC HAS A CEASE TRADE ORDER AGAINST IDCN..WAKE UP NASDAQ. I THINK THE CEASE ORDER HAS TO DO WITH THERE FINANCIALS. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com Mr Metals

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