FRANKLIN, INDIANA–(Marketwired – June 15, 2017) –
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQB:IAALF) (“IBC” or the “Company“), a leading a leading beryllium and copper alloys company, is pleased to announce that it has increased the maximum amount of the financing that was previously announced on June 7, 2017 from $1,687,500 to $1,750,000, with a 25% oversubscription option. All other terms of the private placement will remain the same, with each unit being offered at an issue price of C$0.375.
The private placement is subject to the approval of the TSX Venture Exchange (“TSX-V“) and the securities to be issued will be subject to a four-month-and-one-day resale restriction under Canadian law.
About IBC Advanced Alloys Corp.
IBC is a leading beryllium and copper alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC’s Copper Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC’s Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC’s has production facilities in Indiana, Massachusetts, Pennsylvania, and Missouri. The Company’s common shares are traded on the TSX Venture Exchange under the symbol “IB” and the OTCQB under the symbol “IAALF”.
Website:
@IBCAdvanced $IB $IAALF #Beryllium #Beralcast
Cautionary Statements
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. 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.
Jim Sims
Director of Investor and Public Relations
+1 (303) 503-6203
jim.sims@ibcadvancedalloys.com