Indocan Board Authorizes Share Buy Back
November 12 2003 - 9:35AM
PR Newswire (US)
Indocan Board Authorizes Share Buy Back VANCOUVER, British
Columbia, Nov. 12 /PRNewswire/ -- Indocan Resources, Inc. Board of
Directors has authorized the repurchase of one hundred million
shares of Company Common Stock over the next twelve to eighteen
months. The Company feels that the share price is exceptionally
undervalued at this time and will actively retire blocks of stock
from time to time. We will make quarterly announcements of shares
quantities retired. More information is available at
http://www.indocan.com/. +1-604-929-7224. "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. CONTACT: Investor Relations of Indocan Resources, Inc.,
+1-252-728-2925 DATASOURCE: Indocan Resources, Inc. CONTACT:
Investor Relations of Indocan Resources, Inc., +1-252-728-2925 Web
site: http://www.indocan.com/
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