April 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
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 protection
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 Exchange