Indocan Resources Enters Agreement With Knightsbridge Credit & Banking Trust

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:  [phone] Jeffrey R Bruhjell, president

CONTACT:  Investor Relations, Ken Ash [phone]. 

(IDCN)

DATASOURCE: Indocan Resources Inc



CONTACT:  Jeffrey R Bruhjell, president, [phone]; or investors,

Ken Ash [phone], both for Indocan Resources Inc



Web site:  http://www.genoray.net/ 

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

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