Indocan Renews With Stock Charter Group
May 01 2006 - 1:47PM
PR Newswire (US)
VANCOUVER, British Columbia, May 1 /PRNewswire-FirstCall/ --
Indocan Resources Inc (OTC:IDCN) today announces that the Company
has renewed its Investor Relations Agreement with Stock Charter
Group. Stock Charter Group is a full service international investor
relations company advising and assisting clients in all facets of
investor relations including corporate finance projects. Stock
Charter Group's office is located in North Carolina. Stock Charter
Group and its principals currently hold a beneficial interest in
shares of the Company. Indocan Resources has authorized Stock
Charter Group to explore financing sources to expand its exposure
in the Texas oil patch, achieve visibility in worldwide markets,
maintaining and fostering a new investor base, create a reliable
secondary market, and enter into new capital markets. More can be
learned about Stock Charter Group at
http://www.stockchartergroup.com/. Stock Charter Group will receive
for their services 20,000,000 stock options 10,000,000 exercisable
at the price of $0.005 and 10,000,000 at the price of $0.01. The
Stock Options will be granted in accordance with the Company's
Stock Option Plan and will have vesting provisions attached to it.
Stock options will take effect upon the signing of this agreement
until the termination of this agreement by either party. This shall
be payment for services provided by Stock Charter Group for the
next one year. This contract is subject to renewal. Indocan has oil
and gas interests in Texas, Oklahoma, Alberta, British Columbia and
Cambodia. More can be learned at http://www.indocan.com/. Company
Info: +1-604-929-7224 Jeffrey R Bruhjell, president CONTACT:
Investor Relations, +1-252-728-2925 DATASOURCE: Indocan Resources
Inc CONTACT: Jeffrey R Bruhjell, president, +1-604-929-7224, or
Investor Relations, +1-252-728-2925, for Indocan Resources Inc Web
site: http://www.indocan.com/
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