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BRIEF-IBR cancels previously announced private placement and closes new placement

Nov 12 (Reuters) - International Bio Recovery Corp: * Ibr cancels previously announced private placement and closes new placement * Says cancelled the non-brokered private placement announced on July 15, 2010 * Says closed a new private placement on the same terms * New placement consists of 14,285,714 units at $0.07 per unit for gross proceeds of $1,000,000 ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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