IBC announces that it has elected to issue common shares to holders of 9.50% unsecured debentures due June 6, 2023, and 8.25% convertible unsecured debentures due June 6, 2023, in satisfaction of up to an aggregate total of approximately C$153,357.00 interest payable to holders of Debentures on June 30, 2020.
IBC Advanced Alloys Corp. announces its financial results for the quarter ended March 31, 2020. In the quarter, the Company recorded comprehensive income of $171,000, or $0.00 per share, which was driven by higher sales across the Copper Alloys and Engineered Materials operating divisions.
IBC announced that it is continuing to manufacture its strategic alloy products because of the Company’s essential role as part of the U.S. Defense Industrial Base.
IBC Advanced Alloys (TSX-V: IB; OTCQB: IAALF) announces that the United States Court of Appeals for the First Circuit affirmed the judgment of the United States District Court for the District of Massachusetts in the case of Gerald R. Hoolahan v. IBC Advanced Alloys Corp., which found in favor of the petitioner, Mr. Hoolahan.