IBC Provides Information on Recent Market Activity
July 15, 2013 — Vancouver, BC (Source: Marketwired) — IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQX:IAALF) (“IBC” or the “Company”) provides an updated on recent trading in the Company’s shares on the TSX Venture Exchange. In its July 2, 2013 news release, the Company reported that it was “aware that there has been a recent increase in trading activity of the Company’s shares and a decline in its stock price” but was “not aware of any adverse material changes in the operations of, or prospects for, the Company that would explain this activity.”
The Company has subsequently learned that a former shareholder, Firebird Global Master Fund Ltd. recently sold its investment in IBC. In a news release dated July 11, 2013, Firebird Global Master Fund II Ltd. reported that Firebird Fund Firebird Global Master Fund Ltd., held 4,405,814 common shares representing 11.36% of IBC’s outstanding shares in January 2013. The news release went on to report that Firebird Global Master Fund Ltd. “sold all of the common shares it held in the share capital of [IBC] on the TSX Venture Exchange at an average price of $0.0477 per share.”
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While it is not generally possible to ascribe changes in market value to specific trades, the Company believes that these transactions may have increased the supply of shares beyond what the market could absorb in the normal course. The Company is optimistic that the completion of these sales will restore a normal balance to the Company’s trading market.
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 83 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.
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: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing activities therefore the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements. 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.
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