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209 - 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

 

 

November 26 , 2004

NEWS RELEASE: NON-BROKERED PRIVATE PLACEMENT OF 20 OCTOBER 2004 INCREASEDTO RAISE $750,000

 

The company announces that, subject to regulatory approval, it is increasing the non-brokered private placement announced on October 20, 2004 to up to 2,500,000 units. Each unit will consist of one common share of the company and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase a further common share at a price of $0.50 per share for a period of one year. There is a four month hold period on the shares. The proceeds of the private placement will be used for general working capital purposes and for drilling and exploration of the company’s properties.A finder’s fee in cash or shares may be payable on a portion of the placement in accordance with regulatory policies.

 

 

BY ORDER OF THE BOARD

Gary Medford Ph.D. P.Geo.

DIRECTOR
604 681 7748

 

Robert A Young and Associates 604 682 5123
Investor Relations 1 877 626 2121


The TSE 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.