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

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To: Frank Moss who started this subject1/24/2001 3:01:52 PM
From: Elizabeth A Rice  Read Replies (1) of 422
 
IBI Corporation Granted Listing Approval By CDNX

TORONTO, ONTARIO--

IBI Corporation (YIB:CDNX) (the "Company"), a junior mining and investment company, announces that it has today received final approval for listing of its common shares on Tier 3 of the Canadian Venture Exchange ("CDNX").

On January 2, 2001, the Company had received conditional approval for listing, subject to satisfactory fulfilment of a number of conditions, and these have now been fulfilled.

The Company will commence trading on TradeCDNX, the fully electronic auction trading system operated by CDNX on Thursday, January 25, 2001, under the symbol YIB.

Common Shares Outstanding

The Company has 204,952,878 shares issued, before the closing of the private placement announced February 21, 2000 and updated in the press release dated December 27, 2000.

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FOR FURTHER INFORMATION PLEASE CONTACT :

IBI Corporation
Gary A. Fitchett CA
President and CEO
(416) 367-3274 / (905) 279-2622
or
IBI Corporation
Adam Cegielski
Investor Relations
(416) 367-3274 / (905) 279-2622
(905) 985-1249
ibicorp@think.iprimus.ca
www.thenewibi.com
INDUSTRY : MNG
SUBJECT : STK
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