Indocan Resources Closes Regulation D Offering

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, [phone], or Jeffrey R

Bruhjell, president, [phone]



Web site:  http://www.indocan.com/

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