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April
30 , 2003
IVU-V UPDATE
PRIVATE PLACEMENT CLOSES
The private placement announced March 7, 2003 and amended April 3, 2003
has
closed with the issuance of 2,456,600 units consisting of 2,456,00 common
shares
priced at $.50 with a 4 month hold period until August 18, 2003 and 2,456,600
warrants, priced at $.60 and exercisable into 1 common share, which expire
April 17,
2004 and have a hold period until August 18, 2003. Brokers units numbering
360,990 with the same terms and conditions may be issued until April 17,
2004.
BY ORDER OF THE BOARD
"Gary Medford,
PhD., P.Geo."
Director
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
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INTERNATIONAL PBX VENTURES LTD.
608-475 Howe Street
Vancouver, BC CANADA V6C 2B3
Toll-Free: 888-999-7748
Tel: (604) 681-7748
Fax: (604) 681-0568
www.internationalpbx.com
Email: [email protected]
Trading Symbol: IVU - Canadian Venture Exchange |