Jan 31 (Reuters) - International Prospect Ventures Ltd IZZ.V :
* INTERNATIONAL PROSPECT VENTURES ACQUIRES VALROC VENTURES PTY LTD. AND 100% INTEREST IN TENEMENTS LOCATED IN THE PILBARA REGION OF WESTERN AUSTRALIA
* INTERNATIONAL PROSPECT VENTURES LTD - AND AS CONSIDERATION FOR ACQUISITION, COMPANY HAS ISSUED 1.6 MILLION COMMON SHARES TO PRINCIPAL OF VALROC
* INTERNATIONAL PROSPECT VENTURES LTD - VALROC IS NOW A WHOLLY-OWNED SUBSIDIARY OF COMPANY
* INTERNATIONAL PROSPECT VENTURES LTD - HAS ACQUIRED VALROC VENTURES PTY LTD, A NEW SOUTH WALES, AUSTRALIA COMPANY, BY WAY OF SHARE EXCHANGE