January 30 , 2003
PRIVATE PLACEMENT TO RAISE $500,000 NEGOTIATED
The Company has negotiated a non-brokered private placement to raise $500,000
consisting of units comprising one common share at a price of $0.25 and
a share purchase warrant exercisable at $0.35 for a period of one year
following the transaction date. The offering is subject to the company
filing an Annual Information Form.
Finderís fees and advisory fees are payable in connection with the above
The funds will be used for general corporate purposes and on the Tabaco
copper-gold silver property.
The securities have not been registered under the United States Securities
Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale of
securities in any state in which such offer, solicitation or sale would
Not for distribution to U.S. news wire services or dissemination in the
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