07 , 2003
PRIVATE PLACEMENT TO RAISE $3,100,000 NEGOTIATED
The company has negotiated a non-brokered private placement
to raise $3,100,000
consisting of 5,000,000 units comprising 1 share priced at
$0.62 and a one-half share
purchase warrant exercisable at $0.77 for a period of one
year. The funds will be used for drilling the Tabaco property,
work on other Chilean properties and general corporate purposes.
A finders commission is payable in cash or equivalent 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
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