August 12, 2003
International Barrier Technology Inc. Announces Private Placement
International Barrier Technology Inc. (the "Company") announces that, further to its news release dated July 10, 2003, it has completed a non-brokered private placement in the amount of 1,000,000 shares of the Company at a price of $0.30 per share for gross proceeds of $300,000 to twelve placees.
The shares and underlying shares are subject to hold periods expiring December 8, 2003 and December 9, 2003 respectively.
A finder's fee by the issuance of 100,000 shares of the Company at a deemed price of $0.30 per share was paid to Haywood Securities Inc. in connection with the private placement.
INTERNATIONAL BARRIER TECHNOLOGY INC.
David J. Corcoran
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
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