Indocan Resources Enters Agreement With Knightsbridge Credit & Banking Trust
June 09 2005 - 9:10AM
PR Newswire (US)
Indocan Resources Enters Agreement With Knightsbridge Credit &
Banking Trust VANCOUVER, British Columbia, June 9
/PRNewswire-FirstCall/ -- The Board of Directors of Indocan
Resources Inc (OTC:IDCN) are pleased to announce that the company
has entered into an agreement with Knightsbridge Credit &
Banking Trust (Switzerland) of Dubai, United Arab Emirates,
http://www.knightsbridgecredit.com/ on behalf of Prachai
Leophairatana, founder of Thai Petrochemical Industry Group of
Companies, http://www.tpigroup.co.th/ and a consortium assembled by
and including the Knightsbridge Group, whereby Knightsbridge Group
shall acquire controlling interest in Indocan Resources Inc. The
new company will be reorganized to purchase a major Asian
Petrochemical Business, and seek to expand that business across
Asia. More information is available at http://www.indocan.com/
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing
are forward-looking statements that involve a number of risks and
uncertainties. It is possible that the assumptions made by
management are not necessarily the most likely and may not
materialize. In addition, other important factors that could cause
actual results to differ materially include the following: business
conditions and the amount of growth in the Company's industry and
general economy; competitive factors; ability to attract and retain
personnel; the price of the Company's stock; and other risk
factors. The company takes no obligation to update or correct
forward-looking statements. Company Info: +1-604-929-7224 Jeffrey R
Bruhjell, president CONTACT: Investor Relations, Ken Ash
+1-252-728-2925. (IDCN) DATASOURCE: Indocan Resources Inc CONTACT:
Jeffrey R Bruhjell, president, +1-604-929-7224; or investors, Ken
Ash +1-252-728-2925, both for Indocan Resources Inc Web site:
http://www.genoray.net/ Web site: http://www.indocan.com/
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