IDCN tidbit--in case no one has posted it yet:
TRADING SYMBOL ON LISTING: IDCN - NASDAQ OTC BB
RICHMOND HILL, Ont., Jan. 12 /CNW/ - Indocan Resources Inc. (''Indocan'')
(NASDAQ: IDCN) announced that it is issuing from treasury an aggregate of
1,025,435 common shares in the capital stock of Indocan at a price of $0.20
per share to James Pincock, the promoter of Indocan, in full satisfaction of a
debt owing from Indocan to Mr. Pincock in the amount of $205,087.00. In
January, 1997, on behalf of Indocan, Mr. Pincock transferred an aggregate of
622,250 shares in the capital stock of Indocan, held by him, to arms length
parties in full satisfaction of debts owing by Indocan to these parties
totalling $205,087.00.
The private placement to James Pincock is being completed pursuant to the
provisions of Ontario Securities Commission Policy 5.2 and as such is subject
to approval by disinterested shareholders of Indocan. After completion of this
private placement, Indocan will have 24,042,116 common shares issued and
outstanding.
-30-
For further information: Robert P. Salna, President, at (905) 508-0216
INDOCAN RESOURCES, INC. has 1 releases in this database. |
