Indocan Renews Investor Relations Contract with Stock Charter Group
January 29 2007 - 9:45AM
PR Newswire (US)
BEAUFORT, N.C., Jan. 29 /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
various oil production areas, 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/ -- updated website coming soon.
Stock Charter Group will receive for their services 40,000,000
stock options -- 5,000,000 exercisable at the price of $0.002,
5,000,000 exercisable at the price of $0.003, 5,000,000 exercisable
at the price of $0.004, 10,000,000 exercisable at the price of
$0.006 and 15,000,000 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
six months. This contract is subject to renewal. Indocan has mining
interest as well as oil and gas interests in Texas, Oklahoma,
Alberta, and British Columbia. More can be learned at
http://www.indocan.com/. Company Info: 604-929-7224, Jeffrey R
Bruhjell, president CONTACT: Investor Relations, Ken Ash,
252-728-2925. DATASOURCE: Indocan Resources Inc. CONTACT: Company
Info: +1-604-929-7224, Jeffrey R Bruhjell, president, or Investor
Relations, Ken Ash, +1-252-728-2925 Web site:
http://www.indocan.com/
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