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IBC Advanced Alloys Announces $2.0 Million Private Placement Offering
Published : January 29, 2013
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Keywords :   Beryllium |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2013) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

IBC Advanced Alloys Corp. (News - Market indicators)(OTCQX:IAALF) ("IBC" or the "Company") intends to undertake a brokered private placement of up to 16,666,667 units (the "Units") of IBC at a price of $0.12 per Unit (the "Offering Price") for gross proceeds of up $2,000,000 (the "Offering"). Euro Pacific Canada Inc. has been engaged to act as agent with respect to the Offering.

Each Unit will consist of one common share and one share purchase warrant ("Warrant") with each Warrant having an exercise price of $0.18 and a term of 24 months from the closing date. Insiders of the Company intend to participate in this Offering. The securities to be issued will be subject to a four-month resale restriction. Net proceeds from the Offering will be used for business development initiatives and for general working capital purposes. The Company may elect to close the Offering in more than one tranche.

The Offering will be conducted in reliance upon certain prospectus and registration exemptions. The Corporation will pay, in accordance with TSX Venture Exchange policy, finder's fees of 7% cash and 7% agent's warrants to Euro Pacific Canada Inc. for obtaining subscriptions and a $20,000 work fee. Completion of the Offering is subject to acceptance by the TSX Venture Exchange.

About IBC Advanced Alloys Corp.

IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of sectors including aerospace, automotive, telecommunications and a range of industrial applications. IBC has 86 employees and production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQX under the symbol "IAALF".

This news release was prepared by management of IBC, which takes full responsibility for its contents. 

This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: whether the Offering will be completed, whether the TSX-V will approve the Offering and whether the Offering will be used for general business development initiatives or general working capital. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. 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.

IBC Advanced Alloys Corp.
Ian Tootill
Director of Corporate Communications
(604) 685-6263 ext 110
itootill@ibcadvancedalloys.com
www.ibcadvancedalloys.com
Companies Mentionned : Ibc | Ibc Advanced Alloys | Metals X | Reliance |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

IBC Advanced Alloys Corp

CODE : IB.V
ISIN : CA44923T6034
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IBC Advanced Alloys is a development stage company based in Canada.

IBC Advanced Alloys is listed in Canada. Its market capitalisation is CA$ 74.5 millions as of today (US$ 57.3 millions, € 51.2 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 98 090 000 shares outstanding.

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Financings of IBC Advanced Alloys Corp
1/26/2015Receives Conditional Acceptance to Extend Warrants
5/13/2013Completes Fully Subscribed Private Placement Offering
2/28/2013Closes First Tranche of Private Placement Offering
5/7/2009Closes Non-Brokered Private Placement
4/15/2009Announces $1,500,000 Non-Brokered Private Placement
Option Grants of IBC Advanced Alloys Corp
2/13/2009Grants Stock Options and Seeks to Reduce the Exercise Price ...
Nominations of IBC Advanced Alloys Corp
11/14/2008Appoints Denis Brady to the Board of Directors
Corporate news of IBC Advanced Alloys Corp
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5/23/2016IBC Advanced Alloys Completes Share Consolidation
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3/2/2016IBC Signs Four Year Exclusive Supply Agreement With a Leadin...
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1/29/2016IBC Advanced Alloys to Commence Trading on the OTCQB
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1/20/2016IBC Appoints Retired U.S. Marine Corps. Major General David ...
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10/26/2015IBC Advanced Alloys Reports Fiscal 2015 Results and Provides...
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5/27/2015IBC Advanced Alloys Corp. Increases Non-Brokered Private Pla...
5/26/2015IBC Advanced Alloys Corp. Arranges Non-Brokered $1.0 Million...
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3/3/2015IBC Advanced Alloys Reports Second Fiscal Quarter 2015 Resul...
3/3/2015Reports Second Fiscal Quarter 2015 Results and Provides Upda...
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2/26/2015IBC Advanced Alloys Schedules Second Fiscal Quarter 2015 Con...
2/26/2015Schedules Second Fiscal Quarter 2015 Conference Call
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1/26/2015IBC Advanced Alloys Receives Conditional Acceptance to Exten...
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1/21/2015IBC Advanced Alloys Grants Incentive Stock Options
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9/11/2009Presenting at 9th IEA International Workshop On Beryllium Te...
3/19/2009Alloys Retains Director of Corporate Communications
2/27/2009International Beryllium Corporation Changes Name To IBC Adva...
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2/10/2009Signs Letter of Intent to Acquire Master and Specialty Alloy...
2/9/2009Update for its Beryllium Oxide Nuclear Fuel Research Projec...
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8/6/2008Signs Collaborative Research Agreement with Purdue Universit...
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5/15/2008Closes Acquisition of Rare Earths Limited, LLC.
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