Vancouver, BC, January 21, 2015. IBC Advanced Alloys Corp. (OTCQX: IAALF and TSX-V: IB;) (“IBC” or the “Company”) has granted incentive stock options to directors and officers of the Company, as well as to senior management, certain key employees and consultants of its wholly owned operating subsidiaries, to purchase up to 1,970,000 common shares of the Company. Insiders of the Company were granted 1,350,000 options.
The options have an exercise price of C$0.15 each, are exercisable until January 16, 2020 and vest in stages over a three-year period, except for options granted to a certain consultant which vest in two tranches on March 31, 2015 and September 30, 2015. The options are being granted pursuant to the terms of the Company’s 2014 stock option plan and are subject to TSX Venture Exchange policies and approval.
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 industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global beryllium and 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 (604) 685-6263 ext. 110 Email: [email protected] Website: www.ibcadvancedalloys.com |
The Howard Group Inc.
Dave Burwell / Brad Dryer Toll Free: 1-888-221-0915 (403) 221-0915 |
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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