Indocan Resources Closes Regulation D Offering
June 27 2006 - 10:45AM
PR Newswire (US)
GREAT NECK, N.Y., June 27 /PRNewswire-FirstCall/ -- Indocan
Resources Inc (OTC:IDCN) announced today that it has closed its
Regulation D, Rule 504 offering and is no longer selling shares of
its common stock to accredited investors. A Form D has been filed
with the Securities and Exchange Commission, disclosing that the
company has raised $850,000 in the offering over the past two
months bringing the total to just under $1 million during the past
year. The limit to any such offering is $1 million in the trailing
twelve months. The Company completed the offering to provide
capital for investing in the drilling of oil wells in Texas and
other places and to provide working capital to see us through the
further funding of a non-dilutive offering of a Limited Partnership
where the Company will be the General Partner. More information is
available at http://www.indocan.com/ We seek "Safe Harbor" Company
Info: +1.604.929.7224 Jeffrey R Bruhjell, president CONTACT:
Investor Relations, Ken Ash +1.252.728.2925 DATASOURCE: Indocan
Resources Inc. CONTACT: Investor Relations, Ken Ash,
+1-252-728-2925, or Jeffrey R Bruhjell, president, +1-604-929-7224
Web site: http://www.indocan.com/
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