209
- 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
November 26 , 2004
NEWS RELEASE: NON-BROKERED PRIVATE PLACEMENT OF
20 OCTOBER 2004 INCREASEDTO RAISE $750,000
The company announces that, subject to regulatory approval,
it is increasing the non-brokered private placement announced
on October 20, 2004 to up to 2,500,000 units. 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. There is a four month hold
period on the shares. 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.
DIRECTOR
604 681 7748
Robert A Young and Associates 604 682 5123
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
release.
The company relies on “forward-
looking” statement litigation protection.
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