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

To: CrazyTrain who wrote (928)	8/21/1998 10:58:00 AM
From: Howard C.	Read Replies (1) \| Respond to of 5908

I found this news release which seems to possibly add a little "backup" in terms of financial backing: Indocan Resources Inc. - $4 Million Private Placement MONTREAL, Quebec--(BUSINESS WIRE)--July 20, 1998--Indocan Resources Inc. (OTC BB: IDCN - news) 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.

To: CrazyTrain who wrote (928)	8/21/1998 11:02:00 AM
From: David Sirk	Read Replies (2) \| Respond to of 5908

If you read the past releases you will see alot has been going on. There was a plan for a stock buy back. Also there has been a 4 million dollar private placement to get there other operations going. the same people who put up the private placement decided to offer to buy the entire operation. And I repeat this company is not just speculative. This is a real mining operation now with a positive cash flow. The more people look into this stock the more they will like what they see.