JEFFERSON, TX, Feb. 15, 2018 (GLOBE NEWSWIRE) -- In November 2017, Innocap (OTCQB: INNO) entered into an agreement with Solar Resources Inc. (“Solar”), a company in Singapore, to assist Solar to recover a large shipment of tin from sunken ships that are believed to be in the waters between Indonesia, Malaysia, and South China Sea. The ship that will be used in this recovery effort has completed its required inspection process and is being outfitted with the needed equipment and supplies in Singapore.
Paul Tidwell, the President of Innocap, will be on the ship to assist with his direction on all the recovery efforts. The initial recovery project is expected to take approximately three weeks at sea.
Mr. Tidwell is planning to leave for Singapore in the next couple of weeks to get things underway.
Watch Mr. Tidwell go down 17,500 feet with National Geographic. https://www.youtube.com/watch?v=G--aX0IuLpA
No assurances can be given that the sunken ship will be found and, if found, will have the amount of recoverable tin and other cargo that the parties to the contract are seeking.
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.
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