- 475 Howe Street
Vancouver, BC Canada V6C 2B3
TEL: (604) 681-7748 • FAX: (604) 681-0568
Canadian Venture Exchange Symbol: PBX
EMAIL: [email protected]
WEB SITE: www.internationalpbx.com
OCTOBER 20, 2004
NEWS RELEASE- NON-BROKERED PRIVATE PLACEMENT
TO RAISE $600,000
The company announces that, subject
to regulatory approval, it is arranging a non-brokered private
placement of up to 2,000,000 units at a price of $0.30 per
unit for total proceeds of up to $600,000. Each unit will
consist of one common share of the company and one non transferable
share purchase warrant. Each warrant will entitle the holder
to purchase a further common share at a price of $0.50 per
share for a period of one year. The proceeds of the private
placement will be used for general working capital purposes
and for drilling and exploration of the company’s properties.
A finder’s fee in cash or shares may be payable on a
portion of the placement in accordance with regulatory policies.
BY ORDER OF THE BOARD
Gary Medford, Ph.D. P.Geo.
604 681 7748
Robert A Young and Associates 604
Investor Relations 1 877 626 2121
The TSE Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this
The company relies on “forward-
looking” statement litigation protection.