IBC Advanced Alloys Grants Incentive Stock Options
May 23, 2013 (Source: IBC Advanced Alloys) – IBC Advanced Alloys Corp. (TSX-V: IB; OTCQX: IAALF) (“IBC” or the “Company”)has granted incentive stock options to directors and officers of the Company, as well as to senior management and certain key employees and consultants of IBC and its wholly owned operating subsidiaries, for the purchase of an aggregate of up to 3,755,000 common shares of the Company. The options have an exercise price of C$0.15 each, are exercisable until May 21, 2018 and vest in stages over a three-year period.
The options are being granted pursuant to the terms of the Company’s 2012 amended stock option plan and are subject to TSX Venture Exchange policies and approval.
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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”.
IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
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.
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