- 475 Howe Street
Vancouver, BC Canada V6C 2B3
TEL: (604) 681-7748 • FAX: (604) 681-0568
Canadian Venture Exchange Symbol: PBX
EMAIL: [email protected]
WEB SITE: www.internationalpbx.com
July 20 , 2005
PETER HOOPER APPOINTED INDEPENDENT DIRECTOR
JOSEPH DUGGAN APPOINTED CHAIRMAN OF THE FINANCIAL COMMITTEE
The company is pleased to welcome Mr. Peter Hooper, BSc. to the company’s Board of Directors. Mr. Hooper brings to the company extensive broad-based experience in exploration, production and corporate affairs as a senior mining executive as well as extensive global relations and board experience.
International PBX Ventures Ltd. is also pleased to announce the appointment of Joseph J. Duggan to Chairman of the company's Financial Advisory Committee with direct responsibility to provide strategic advise and counsel in the areas of corporate finance, capital markets, international finance, corporate structure as well as merger and acquisitions opportunities while working with operating management to assist in maximizing shareholder value.
Mr. Duggan has worked in all aspects of corporate finance for the past 25 years and has been a senior officer of several world class investment banking and commercial banking companies participating in transactions in many of the international capital markets. He was most recently the Chairman of Kingsdale Capital Corporation an integrated, privately controlled financial services company in Canada with a primary focus on the mineral resource sector. He was a founding partner and took Kingsdale from concept to full commercialization. Prior to Kingsdale, Mr. Duggan was a senior officer of a major Canadian bank as well as a USA money centre bank where he directed their North American investment banking operations. Mr. Duggan was also Chairman and Managing Director of a major privately held merchant bank. Mr. Duggan will bring his corporate finance skills, expertise and experience as well as his global institutional relationships to the company.
The company has made a commitment to add experienced human capital to assist their development process and Mr. Duggan's and Mr. Hooper’s appointment to the company is an example of this focus.
BY ORDER OF THE BOARD
Gary Medford PhD, PGeo
Vancouver office: 604 681 7748
For further information contact:
Bill Koble 604 329 3341
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.