VANCOUVER, May 6 /CNW Telbec/ - INTERNATIONAL BARYTEX RE
("the Company") (TSX-V: IBX) reports it has received, in full, from Touch
Lucky Investments Limited ("Touch Lucky") the first of two payments related to
the sale of East China Capital Holdings Limited and its interest in the
Shituru Copper project located in the Democratic Republic of Congo ("DRC").
This first payment was received in accordance with the previously
reported terms of the amended Sales Purchase Agreement ("SPA"). Under the SPA
the second, final, payment is due on or before July 21, 2009.
President Leo King states, "We wish Touch Lucky every success with the
Shituru project and its endeavours in the DRC. With the receipt of this first
payment the Company has completed its activities in the DRC and will now step
up its activity in looking for new business opportunities"
On behalf of the Board of Directors
President and Director
Some statements in this news release contain forward-looking information.
These statements address future events and conditions and, as such, involve
known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different from
any future results, performance or achievements expressed or implied by the
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: International Barytex Resources Ltd.: Leo King,
President or Alf Hills, CEO, (604) 688-9368, Fax: (604) 688-9336,