IBC Advanced Alloys to Issue Shares for Consulting Services
June 28, 2013 — (Source: Marketwired) — IBC Advanced Alloys Corp. (TSX VENTURE:IB); (OTCQX:IAALF) (“IBC” or the “Company”) has agreed to settle an obligation of $33,600 owed to an arms-length consultant by issuing 280,000 common shares based on an agreed price of $0.12 per common share, being the discounted market price under TSX Venture Exchange rules. The issuance represents payment for the first six months of services provided by the consultant pursuant to a one-year consulting agreement. The consulting agreement provides that half of the $10,000 monthly fee, plus taxes, may be settled with common shares of IBC. The transaction is subject to TSX Venture Exchange approval.
The common shares to be issued will be subject to a four-month statutory hold period from the date of issuance. Following this share issuance, IBC will have a total of 62,187,007 common shares issued and outstanding.
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. 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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