PRIVATE PLACEMENT TO RAISE $150,000 CLOSES
International PBX Ventures Ltd. has raised
$150,000 by way of a non-brokered private placement of 1,500,000
units consisting of a share priced at $ .10 and a two year
warrant priced at $.10 the first year and $ .125 in the second
year. The placement was announced on 30 July, 2002. The funds
will be used for general working capital. There is a one year
hold to participants expiring September 12, 2003 and a four
month hold for insiders expiring January 12, 2003.
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 Exchange