Hi Missionx,Don't know if you'd regard this as good news or not,...

Hi Missionx,

Don't know if you'd regard this as good news or not, but maybe something to read on a quiet day. Not world shattering.

Cheers, Du

http://www.4-traders.com/INTERNATIONAL-PBX-VENTURE-73273/news/International-PBX-Ventures-Ltd-TSX-Accepts-PBX-OZ-Minerals-Option-Agreement-for-Filing-14454766/


August 8, 2012

VANCOUVER, B.C.- International PBX Ventures Ltd.("PBX" or the "Company") (TSX.V:PBX) is pleased to announce the results of its Special General Meeting (the "Meeting") of the shareholders held on August 3, 2012 where PBX shareholders voted ona resolution approving the Company's definitive Joint Venture Option Agreement (the "Agreement") with OZ Exploration Chile Limitada, a wholly owned subsidiary of OZ Minerals Limited (ASX:OZL) of Melbourne, Australia ("OZ Minerals"), on PBX's Copaquire copper molybdenum property ("Copaquire") in northern Chile. The terms of the Agreement allow OZ Exploration Chile Limitada to earn a 90% interest in Copaquire by making cash payments of $90 million.

56,471,798 shares were voted representing approximately 40.8% issued and outstanding Common Shares with 95.7% (54,082,648) voting in favour of the resolution and 4.3% (2,389,150) voting against.

"I am very pleased with the overwhelming shareholder approval of the OZ Minerals agreement. PBX shareholders recognize the tremendous added value that a strong partner and experienced mine builder will add to the Copaquire project," said George Sookochoff, CEO. "We now look forward to working with OZ Minerals in further advancing the Copaquire copper molybdenum project with its potential to become a significant operating mine in Chile."

The Agreement remainssubject to regulatory approval.