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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$ 75.5 millions as of today (US$ 58.0 millions, € 52.2 millions).

Its stock quote reached its highest recent level on May 27, 2011 at CA$ 1.98, and its lowest recent point on April 15, 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
1/29/2016IBC Advanced Alloys to Commence Trading on the OTCQB
1/28/2016A Message from IBC’s New Chief Operating Officer, Major Gene...
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1/20/2016IBC Appoints Retired U.S. Marine Corps. Major General David ...
11/30/2015IBC Advanced Alloys Reports First Fiscal Quarter 2016 Result...
11/30/2015Q1 2016 IBC Advanced Alloys Corp Earnings Release - Time Not...
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9/1/2015IBC Advanced Alloys Receives Second Lockheed Martin Purchase...
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8/26/2015IBC Advanced Alloys Appoints Chris Huskamp Acting President ...
8/20/2015IBC Advanced Alloys Reports a Material Unauthorized Third Pa...
8/19/2015IIROC Trading Resumption - IB
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8/17/2015IIROC Trading Halt - IB
7/13/2015IBC Advanced Alloys Delivers First Articles EOTS Components ...
6/18/2015IBC Advanced Alloys Closes Final Tranche of Upsized $1.75 Mi...
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6/2/2015IBC Advanced Alloys Reports Third Fiscal Quarter 2015 Result...
5/28/2015IBC Advanced Alloys Schedules Third Fiscal Quarter 2015 Conf...
5/27/2015IBC Advanced Alloys Corp. Increases Non-Brokered Private Pla...
5/26/2015IBC Advanced Alloys Corp. Arranges Non-Brokered $1.0 Million...
5/26/2015. Arranges Non-Brokered $1.0 Million Private Placement
5/13/2015IBC Attending Advanced Materials Symposium Hosted by Texas A...
4/23/2015IBC Advanced Alloys CEO Anthony Dutton a Speaker at Smart Ma...
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3/25/2015IBC Engineered Materials Receives Purchase Order from Kaman ...
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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...
3/3/2015IBC Advanced Alloys Reports Second Fiscal Quarter 2015 Resul...
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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11/18/2014IBC Advanced Alloys Engages Stonegate Inc.
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10/29/2014IBC Advanced Alloys Reports Year-End 2014 Results and Provid...
10/29/2014IBC Advanced Alloys Reports Year-End 2014 Results and Provid...
10/1/2014IBC to Present at IAEA Technical Meeting on Accident Toleran...
9/15/2014IBC Advanced Alloys Delivers First UAS Components for Analys...
9/8/2014IIROC Trading Resumption - IB
9/8/2014Lockheed Martin Awards Contract to IBC Engineered Materials ...
9/8/2014IIROC Trading Halt - IB
8/7/2014IBC Advanced Alloys Corp. Appoints Chris Huskamp as Executiv...
7/31/2014IBC Advanced Alloys Appoints Vorticom as Strategic Media Rel...
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 ...
7/9/2013Provides 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.
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 ...
2/22/2011MINING ASSOCIATES TO PREPARE SINIVIT STRATEGY REPORT
2/17/2011Signs Agreement With GNF America to Advance Beryllium Oxide ...
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...
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