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Gold/Mining/Energy : IBI CORP IBIC (CDN)

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To: Elizabeth A Rice who wrote (356)	11/22/1999 12:08:00 PM
From: Chris K.	Read Replies (2) of 422

FOR: IBI Corporation CANADIAN DEALING NETWORK SYMBOL: IBIC November 22, 1999 IBI CORPORATION SELLS MEMEX INVESTMENT TORONTO, ONTARIO--IBI Corporation ( IBIC CDN ), a junior mining company, announces the completion of an Agreement for the sale of its investment of 150,000 shares (5.26%) of MEMEX Electronics Inc., for Cdn $200,000. The investment had been acquired in April 1999 for Cdn $150,000. The purchaser is a Swiss investor and the transaction is to close by November 26, 1999. The sale is in accordance with IBI's strategic plan. A consulting fee of 5% of the sale proceeds is payable to an in independent third party. The Company 200,720,169 common shares issued and outstanding. - 30 - FOR FURTHER INFORMATION PLEASE CONTACT : IBI Corporation Gary A. Fitchett CA President & CEO (416) 367-3274 (905) 985-1249 or IBI Corporation Adrienne Shillinglaw Investor Relations (416) 367-3274 (905) 985-1249 email: ibicorp@think.iprimus.ca P.S. That's a 33.33% profit !!! LOL ;-)

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