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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?

To: Jon Matz who wrote (276)	8/14/1998 9:25:00 AM
From: ROY DEL	Read Replies (2) \| Respond to of 5908

Jeff must be up early catch up on his mail, as he responded to my EM within 1/2 hr. This is possibly the same letter he's sending everyone right now which would account for the fast response. IMHO Subject: Indocan Date: Fri, 14 Aug 1998 09:06:20 -0400 From: "Jeffrey R. Bruhjell" <jeffreyb@axion.net> Organization: Indocan Resources Inc. To: omit Thanks for the interest in our company. We feel the company stock price is very undervalued anywhere under $10.00 per share. We have three very good mining properties and have plans to produce at each site. Our garnet property in nothern Ontario is excellent with over $17 per share book value in producable mineral. The base metals property at Raglan, ON is also quite nice containing both silver and gold. And our star property at Isaac's Harbour, Nova Scotia has a great probability to be one of the best gold finds in Canadian history. We have a very large quartz horizon with visable gold running through it. The numbers from assay are very impressive. Our shares trade on the OTC Bulletin Board in the U.S. and as such should be considered a very high risk speculative investment. Use common sense when deciding how to buy. The offer from a broker/banker group is not at all attractive to the company. This group is not making a market nor trading the stock. Indocan is not a reporting company, not listed company and as such, does not have an audience of institutional buyers that would normally drive the price to the offered level. The company is worth far more and the board of directors meets next week to consider the offer. A public news release of the decision will be made. Thanks for your interest. Regards, Jeffrey Bruhjell president