NEWS RELEASE |
Sept.
20, 2002 PRIVATE PLACEMENT TO RAISE $150,000 CLOSES International PBX
Ventures Ltd. has raised $150,000 by way of a non-brokered private placement
of 1,500,000 units consisting of a share priced at $ .10 and a two year
warrant priced at $.10 the first year and $ .125 in the second year. The
placement was announced on 30 July, 2002. The funds will be used for general
working capital. There is a one year hold to participants expiring September
12, 2003 and a four month hold for insiders expiring January 12, 2003.
"Gary Medford,
PhD., P.Geo." The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release. ********************** INTERNATIONAL PBX VENTURES LTD. Trading Symbol: IVU - Canadian Venture Exchange |