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
Finder’s fees and advisory fees are payable in connection
with the above transaction.
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 United States.
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