07 , 2003
ZULEMA PROPERTY AGREEMENT CLOSES
:PRIVATE PLACEMENT CLOSES
The agreement described in the news release dated September 20, 2002 has
closed with the issuance of 100,000 common shares of the company to the
vendors. The shares are subject to a 4 month hold which expires July 8,
The private placement announced January 30 and amended January 31 2003
has also closed with the issuance of 2.4 million common shares with a
4 month hold period which expires July 8, 2003 and 2.4 million warrants,
exercisable into 1 common share, which expire March 8, 2004.
BY ORDER OF THE BOARD
The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
The company relies on forward-looking statement litigation protection
INTERNATIONAL PBX VENTURES LTD.
608-475 Howe Street
Vancouver, BC CANADA V6C 2B3
Tel: (604) 681-7748
Fax: (604) 681-0568
Email: [email protected]
Trading Symbol: IVU - Canadian Venture Exchange