Business Services Industry
Spirit River Resources Spin-off Dividend
Business Wire, Dec 13, 1999
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 13, 1999--
Indocan Resources Inc. OTC BB: IDCNE
The Company board of directors has accepted the offer from Spirit River Resources Corporation whereby Spirit River Resources shall issue 10,000,000 shares of its Company Common Stock to acquire an 80% interest in Indocan Resources Inc.'s share of the Spirit River property and declares a stock dividend of one share of Spirit River Resources Corporation for each 100 shares held of Indocan Resources Inc. on the books of the Company as at December 31, 1999. The dividend shall be paid as soon thereafter as is practicable.
A report of the Spirit River site geology has been posted on the Company web site at www.indocan.com.
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