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Re: News Release - Tuesday, April 14, 2009
Ibc Advanced Alloys Announces $1,500,000 Non-Brokered Private
Placement
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APRIL 14, 2009 - VANCOUVER, BC - IBC ADVANCED ALLOYS CORP. ("IBC" OR
THE "Company") (TSX-V:IB) is pleased to announce that it proposes to
raise up to $1,500,000 through the sale of common shares of the Company
(the "Shares") at $0.15 per Share.
The offering is subject to certain conditions including, but not
limited to, the receipt of all necessary corporate and regulatory
approvals, including the acceptance of the TSX Venture Exchange.
The net proceeds of the offering will be used to source and analyse
prospective acquisitions, for working capital and for general corporate
purposes.
The offering may close in tranches with the closing of the first
tranche of up to $500,000 expected to occur on or before April 17,
2009. All Shares issued under the offering will be subject to a
four-month hold period. Subject to regulatory approval, finders' fees
may be paid to certain finders.
Some Insiders of the Company may purchase Shares under the offering.
About IBC Advanced Alloys Corp.
IBC Advanced Alloys Corp. is an integrated manufacturer and distributor
of beryllium based alloys and related products serving a variety of
industries including nuclear energy, automotive, telecommunications and
a range of industrial applications. IBC has 65 employees and is
headquartered in Vancouver, Canada with production facilities in
Pennsylvania and Indiana. Additionally, IBC owns prospective beryllium
properties in Brazil and the Western US covering approximately 9,500
hectares. IBC is creating a dynamic global beryllium and advanced
alloys company. IBC's common shares are traded on the TSX Venture
Exchange under the symbol "IB".
For further information please contact:
Ian Tootill
Director of Corporate Communications
(604) 685-6263 x.110
Email: itootill@ibcadvancedalloys.com
This news release was prepared by management if IBC which takes full
responsibility for its contents. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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Copyright (c) 2009 IBC ADVANCED ALLOYS CORP (IB) All rights reserved.
For more information visit our website at
http://www.ibcadvancedalloys.com/ or send mailto:ba@primarycapital.net
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IBC Advanced Alloys Corp
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CODE : IB.V |
ISIN : CA44923T6034 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
IBC Advanced Alloys is a development stage company based in Canada. IBC Advanced Alloys is listed in Canada. Its market capitalisation is CA$ 2.4 millions as of today (US$ 1.8 millions, € 1.7 millions). Its stock quote reached its highest recent level on May 27, 2011 at CA$ 1.98, and its lowest recent point on April 22, 2016 at CA$ 0.04. IBC Advanced Alloys has 30 350 000 shares outstanding. |