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Keywords :   Chile | Copper | Molybdenum |

PBX Announces Private Placement

VANCOUVER, B.C.� International PBX Ventures Ltd. (the "Company") (TSX.V:PBX) announces that, subject to TSX Venture Exchange approval, it will raise $600,000 by way of a non-brokered private placement of four million units at a price of $0.15 per unit. Each unit will consist of one common share and one-half of a warrant. One whole warrant entitles the holder to purchase one additional share at $0.25 per share for two years from the closing date of the private placement. The warrants are subject to an acceleration clause which is triggered when the Company's shares trade at $0.35 or more for ten consecutive trading days. Upon the occurrence of such event, the Company reserves the right, at its discretion, to demand exercise of the warrants within a specified period of time, barring which the warrants will expire. The Company may pay finder�s fees in accordance with the policies of the TSX Venture Exchange in connection with the private placement.


Proceeds of the private placement will be used for general working capital.

The private placement previously announced on December 09, 2011 has been cancelled due to changes in market share price.

About PBX

International PBX Ventures Inc. is a junior exploration Company with a strong portfolio of copper, molybdenum and gold projects in Chile. The 100% owned Copaquire copper molybdenum property is the Company�s flagship project and is located in Chile�s prolific copper porphyry belt. This arc parallel belt includes 30 porphyry Copper Molybdenum deposits and prospects with the largest amount of copper concentration in the world, totaling about 220 million tonnes of copper. The Quebrada Blanca and Collahuasi (the third largest copper mine in the world) producers are within 15 kilometres of the property.

ON BEHALF OF THE BOARD OF DIRECTORS OF

INTERNATIONAL PBX VENTURES LTD.

�George Sookochoff�

 

Data and Statistics for these countries : Chile | All
Gold and Silver Prices for these countries : Chile | All

International PBX Ventures, Ltd.

EXPLORATION STAGE
CODE : PBX.V
ISIN : CA4599591027
CUSIP : 459959 102
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Financings of International PBX Ventures, Ltd.
8/10/2012Announces Private Placement
7/28/2012Completes Non Brokered Private Placement
6/22/2012Announces Private Placement
4/30/2012Completes Non Brokered Private Placement
4/16/2012Announces Private Placement
2/20/2012Ventures Extends Non Brokered Private Placement
2/8/2012Completes Non Brokered Private Placement
1/25/2012Announces Private Placement
12/12/2011Announces Private Placement
10/28/2011CLOSES PRIVATE PLACEMENT RAISING GROSS PROCEEDS OF $1,056,00...
10/12/2011Announces Private Placement
7/26/2011announces exercise of warrants for proceeds of $2,845,875
10/27/2010Announces Private Placement
4/23/2010Completes Non-Brokered Private Placement
2/22/2010Announces Private Placement
Option Grants of International PBX Ventures, Ltd.
5/27/2010Announces Grant of Options
4/17/2010Announces Grant of Options
Nominations of International PBX Ventures, Ltd.
3/29/2012Ventures Announces Changes To The Board of Directors
Project news of International PBX Ventures, Ltd.
5/23/2012(Copaquire)Signs Copaquire Joint Venture Option Agreement with OZ Mine...
3/2/2012(Copaquire)FILES NEW TECHNICAL REPORT ON THE COPAQUIRE COPPER MOLYBDENU...
1/13/2012FILES NEW TECHNICAL REPORT ON THE SULFATO COPPER RESOURCE, C...
12/1/2011Sulfato South Initial Resource Estimate Outlines 102 Million...
10/13/2011(Copaquire)DRILLS 124 METERS WITH 0.58 % COPPER AT THE COPAQUIRE PROPE...
7/27/2011(Copaquire)Releases New Video On Copaquire Copper Project Chile
6/7/2011Identifies New Drill Targets at Sierra Pintada
4/18/2011(Copaquire)Copaquire Copper Project Drill Update
3/25/2011(Copaquire)Starts Drilling on the Copaquire Copper-Moly Porphyry Projec...
10/19/2010(Copaquire)Plans 2010 Drill Program to Test Titan IP Targets on Copaqui...
6/15/2010(Copaquire) Continues to intersect wide intervals of hypogene copper mi...
6/4/2010(Copaquire) To carry out Titan 24 deep penetration IP survey at Copaqui...
5/19/2010(Copaquire)Announces 267 Metres At 0.57% Copper From Drilling Program A...
3/22/2010(Copaquire)Drilling Begins on Sulfato Copper Zone
7/10/2009(Hornitos)Discovery of Large IOCG Target on Palo Negro
6/23/2009(Copaquire)Files Revised 43-101 Technical Report on its Copaquire Molyb...
4/20/2009(Copaquire)Files NI43-101 Resource Estimate Report for Copaquire Molyb...
1/12/2009(Copaquire)Copaquire Resource Estimate Update
8/7/2008(Copaquire)Final Option Payment Made on Copaquire Property
7/14/2008(Tierra De Oro)Tierra de Oro Project Update
6/25/2008(Tabaco)Tabaco Copper Project Update
6/17/2008(Copaquire)Copaquire Drill Results and Update
5/14/2008(Tabaco)Drilling Begins on Tabaco Copper Property
4/1/2008(Tabaco)Tabaco Drilling Rescheduled for April
2/21/2008(Tierra De Oro)Large 3D IP Anomaly Discovered on the Tierra de Oro Gold Pro...
Corporate news of International PBX Ventures, Ltd.
10/25/2012Shareholders Overwhelmingly Elect New Board Led by Former PB...
10/13/2012Letter from the President
9/25/2012Replaces President
8/10/2012Old PBX News Release sent in error
8/10/2012TSX Accepts PBX?OZ Minerals Option Agreement for Filing
8/8/2012Shareholders Approve OZ Minerals Agreement
6/20/2012Announces Change in Management
6/7/2012Retains Former KORES Executive VP as Strategic Advisor
6/6/2012Notice of Special General Meeting
5/31/2012(Copaquire)CEO Discusses OZ Minerals Copaquire agreement
3/12/2012Announces Reinstatement of Trading on the TSX.V
3/9/2012provides updates on spin out and other items
3/8/2012cease trade order revocation and reinstatement of trading
2/21/2012Announces BCSC Cease Trade Order
1/19/2012Addresses Canadian Technical Information Disclosure With th...
1/3/2012Shareholders Approve Copper Gold Projects Spin-out to Chile...
12/8/2011Announces Mailing of Materials for Special Meeting
11/25/2011Changes Date of Special Meeting
11/2/2011Calls Special Meeting of Shareholders to Vote on Spin Out Tr...
9/23/2011RETAINS WINDWARD GLOBAL INVESTOR RELATIONS
8/29/2011(Copaquire)Drills 113.6 Meters With 0.36 % Copper Equivalent at Copaqui...
8/24/2011(Tierra De Oro)ZTEM Airborne Survey Confirms Large Porphyry Targets at Tier...
8/8/2011(Copaquire)Continues to Drill More Copper in Copaquire, Chile
7/19/2011SmartStox Interview with PBX CEO
7/14/2011(Copaquire)Drills 85 Meters of 0.53% Copper at Copaquire
7/5/2011Byron Capital Initiates Analyst Coverage of PBX
6/30/2011Former Inmet Mining Vice-President Joins PBX Board
6/29/2011(Copaquire)DRILLS 300 METERS OF 0.48 % COPPER EQUIVALENT AT COPAQUIRE, ...
6/16/2011ANNOUNCES ACCELERATION OF WARRANTS EXPIRY
3/7/2011(no subject)
3/7/2011Announces AGM Results and Drill Update
2/22/2011Completes Airborne ZTEM Survey Over Copper-Gold Projects in ...
2/19/2011Announces AGM Date and Location
2/14/2011(Copaquire)EXPANDS COPAQUIRE DRILL PROGRAM
12/20/2010TO UNDERTAKE SPIN-OFF TRANSACTION TO CREATE TWO INDEPENDENT ...
12/15/2010President is Interviewed by CIC Radio
12/15/2010Airborne ZTEM Survey over Copaquire & Huatacondo
9/22/2010President Interview Regarding Titan Survey Results
9/15/2010REPORTS RESULTS OF TITAN-24 GEOPHYSICAL SURVEY
7/6/2010TITAN 24 GEOPHYSICAL SURVEY COMMENCES
4/15/2010Ventures Closes First Tranche of Financing
3/5/2010featured by Bull & Bear Financial Report
3/4/2010Molybdenum Expert Catherine Virga Sees Strength in Supply, D...
1/18/2010Acquires Claims in Chile
1/14/2010Information Update
1/6/2010Announces Investor Relations Agreement
12/4/2009President & CEO Appears on resourceINTELLIGENCE TV
8/26/2009Outlines Potential Large Porphyry Target on Sierra Pintada P...
5/6/2009Addresses Canadian Technical Information Disclosure With th...
11/12/2008President's Letter to Shareholders
11/12/2008Company Update
7/9/2008George Sookochoff Appointed President and CEO
2/11/2008Engages AMEC Engineering for Preliminary Economic Assessment
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TSX-V (PBX.V)FRANKFURT (IVV.F)
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