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International Beryllium Signs Letter of Intent to Acquire Second
Beryllium Metalworking and Specialty Alloy Processor
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VANCOUVER, BC -- June 5, 2008 - International Beryllium Corporation
(TSX-V: IB) ("IB") is pleased to announce that it has signed a letter
of intent to acquire all of the shares of a second beryllium product
manufacturer and specialty alloy processing company in an arm's length
transaction. A finder's fee may be payable to an arm's length party,
with the terms currently under negotiation.
Completion of the proposed transaction is subject to several conditions
including customary due diligence and approval by the boards of
directors of IB and the target company; shareholders of the target
company; and the TSX Venture Exchange. There can be no assurance that
the necessary approvals will be obtained or that the transaction will
be completed as proposed or at all.
The acquisition target is based in the United States where it
manufactures and processes a range of beryllium copper products and
other special alloys. Its manufacturing infrastructure and processes
are complementary to IB's recent acquisition, Freedom Alloys, Inc., and
will further integrate IB's manufacturing value chain. The acquisition
target has an established North American and international customer
base serviced via direct sales channels and independent distributors.
"We are very pleased to have signed a letter of intent to acquire this
company," stated Anthony Dutton, President and CEO of IB. "Their
technology and manufacturing capabilities will further enhance IB's
development of a vertically integrated global beryllium company
allowing us to improve our manufacturing efficiencies and increase our
market presence both in North America and internationally. We are very
interested," continued Dutton, "in their industrial components
division, particularly in their oil and gas applications, and look
forward to working closely with them to grow this business".
About International Beryllium Corporation
International Beryllium Corporation is a global exploration and
development company focused on beryllium, beryllium oxides and
beryllium master alloys. Beryllium and related alloys are used in a
broad range of specialized industrial applications such as nuclear
power, oil and gas, defence, electronics and automotive. International
Beryllium'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) 689-1515 ext 111
Email: adutton@internationalberyllium.com
Website: www.internationalberyllium.com
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Copyright (c) 2008 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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