Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
IBC Advanced Alloys Announces $2.0 Million Private Placement Offering
Published : January 29, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
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
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of IBC Advanced Alloys Corp
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
5/30/2011Appoints Retired U.S. Marine Corps Major General David Heinz...
11/14/2008Appoints Denis Brady to the Board of Directors
Corporate news of IBC Advanced Alloys Corp
10/31/2013Signs Memorandum of Understanding with Global Nuclear Fuels ...
9/17/2013Provides Update on Copper Alloys Operations and Announces De...
9/12/2013to Present at American Nuclear Society Top Fuels Conference ...
7/15/2013Provides Information on Recent Market Activity
7/9/2013Provides Update on Beryllium Oxide R&D
6/28/2013to Issue Shares for Consulting Services
5/23/2013Grants Incentive Stock Options
2/19/2013Extends Nuclear Fuels Research Agreements with Purdue and Te...
2/8/2013Warrant Incentive Program
1/29/2013Announces $2.0 Million Private Placement Offering
1/15/2013Earns AS9100 Certification
1/15/2013Earns AS9100 Certification
11/30/2012Announces Proposed Share Consolidation
10/30/2012Reports Fiscal 2012 Results
10/17/2012Signs Memorandum of Understanding with Inrad Optics Inc.
6/29/2011and Ulba Sign Memorandum of Understanding
6/22/2011. Announces Closing of $8.05 Million Offering Including a Fu...
5/17/2011Opens New Engineered Materials Manufacturing Facility
5/10/2011Appoints Rubenstein Investor Relations Inc.
5/2/2011Provides Update on BeWS-10-International Workshop on Berylli...
4/12/2011Signs Agreements for Next Phase Nuclear Fuels Research With ...
3/14/2011Hosts 2011 IEA International Workshop on Beryllium Technolog...
2/22/2011MINING ASSOCIATES TO PREPARE SINIVIT STRATEGY REPORT
2/17/2011Signs Agreement With GNF America to Advance Beryllium Oxide ...
12/5/2009Free Energy
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...
2/25/2009Creates Nuclear Fuels Advisory Board and Names Dr. Alvin So...
2/10/2009Signs Letter of Intent to Acquire Master and Specialty Alloy...
2/9/2009Update for its Beryllium Oxide Nuclear Fuel Research Projec...
2/5/2009Domestic Supply of Beryllium a Critical Issue States Pentago...
1/2/2009Focus Exploration on Utah Properties
8/6/2008Signs Collaborative Research Agreement with Purdue Universit...
6/16/2008Completes Staking of Colorado Beryllium Mineral Claims
6/12/2008Acquires 100% Of The Boomer Mine In Colorado
6/5/2008Signs Letter of Intent to Acquire Second Beryllium Metalwork...
5/15/2008Closes Acquisition of Rare Earths Limited, LLC.
5/12/2008Closes Acquisition of Freedom Alloys, Inc.
3/7/2008Grants Options
3/5/2008Signs Definitive Agreement to Acquire 100% of Royersford, Pe...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (IB.V)
0.115+0.00%
TSX-V
CA$ 0.115
12/18 12:55 -
0%
Prev close Open
0.115 0.120
Low High
0.115 0.125
Year l/h YTD var.
0.115 -  0.250 -54.00%
52 week l/h 52 week var.
0.115 -  0.250 -17.86%
Volume 1 month var.
34,417 -17.86%
24hGold TrendPower© : -32
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
2014-36.11%0.270.13
2013-37.93%0.340.04
2012-67.78%1.020.22
2011-6.25%1.980.66
2010-11.11%1.800.66
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.