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Re: News Releases - Wednesday, May 06, 2009
IBC Advanced Alloys Closes Non-Brokered Private Placement
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May 6, 2009 - VANCOUVER, BC - IBC ADVANCED ALLOYS CORP. ("IBC" or the
"Company") (TSX-V:IB) is pleased to report that it has closed its
private placement announced on April 14, 2009. The Company issued an
aggregate of 8,333,333 common shares at a price of $0.15 per share for
aggregate gross proceeds of $1,250,000 pursuant to this placement.
The Company paid finders' fees in connection with the financing
consisting of $60,000 in cash and issued 500,000 warrants which entitle
the holder to purchase one common share at $0.15 for 24 months. All
securities issued pursuant to this second closing are subject to a four
month and one day hold period.
The net proceeds of the offering will be used to source and analyse
prospective acquisitions, for working capital and for general corporate
purposes.
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
itootill@ibcadvancedalloys.com
www.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:itootill@ibcadvancedalloys.com
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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. |