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Re: News Release - Friday, February 13, 2009
International Beryllium Grants Stock Options and Seeks to Reduce
the Exercise Price of Existing Options
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VANCOUVER, BC - February 13, 2009 - International Beryllium Corporation
(TSX-V: IB) ("IBC" or the "Company") reports that it has granted
incentive stock options to directors and officers of the Company, as
well as to the senior management and certain key employees of IBC and
its wholly owned operating subsidiaries, Nonferrous Products, Inc. and
Freedom Alloys, Inc., for the purchase of an aggregate of 4,120,000
common shares of the Company at an exercise price of $0.15 each until
February 12, 2014. The options are being granted pursuant to the terms
of the Company's stock option plan.
The Company also reports that it intends to reduce the exercise price
of 4,344,000 of the existing 5,449,000 incentive stock options that
have current exercise prices of between $0.50 and $0.83. This will be
done subject to TSX Venture Exchange (the "Exchange") acceptance, board
approval, as well as, in the case of insiders of the Company, the
approval of a majority of disinterested shareholders. The Company
intends to seek such disinterested shareholder approval in accordance
with Exchange policy at the next annual meeting of shareholders. If
approved, each of the subject option holders will have the exercise
price of their options reduced to $0.15 per share. There will be no
change to the expiry date of the options.
About International Beryllium Corporation
International Beryllium Corporation is a global exploration,
development and manufacturing company focused on advanced alloys, in
particular, beryllium, beryllium oxides and beryllium master alloys.
Advanced alloys are used in a broad range of specialized industrial
applications such as nuclear power, oil and gas, defense, electronics
and automotive. International Beryllium Corporation's common shares are
traded on the TSX Venture Exchange under the symbol IB.
For additional information please contact:
International Beryllium Corporation
Anthony Dutton, CEO
(604) 685-6263 ext 111
Email: adutton@internationalberyllium.com
Website: www.internationalberyllium.com
This news release was prepared by management of IBC, which takes full
responsibility for its contents. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy of this
news release.
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Copyright (c) 2009 INTERNATIONAL BERYLLIUM CORPORATION (IB) All rights
reserved. For more information visit our website at
http://www.internationalberyllium.com/ or send
mailto:ba@primarycapital.net
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IBC Advanced Alloys Corp
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CODE : IB.V |
ISIN : CA44923T6034 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
IBC Advanced Alloys is a development stage company based in Canada. IBC Advanced Alloys is listed in Canada. Its market capitalisation is CA$ 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. |