To: Mr Metals who wrote (8 ) 8/12/1998 5:45:00 PM From: Flea Read Replies (1) | Respond to of 5908
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