03 , 2003
PRIVATE 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 approval.
BY ORDER OF THE BOARD
"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.
The company relies on forward-looking statement litigation
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