03 , 2003
PLACEMENT TO RAISE $3,100,000 REPRICED
The company has repriced a non-brokered private placement
to raise up to $3,100,000 to reflect current market conditions. The offering
will now include a unit consisting of one common share priced at $0.50
and a full warrant priced at $0.60 exercisable for a period of one year.
This replaces the units described in the news release of March 7,2003.
A finders commission is payable in cash and units subject to regulatory
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