VANCOUVER, BC – November 6, 2014 – IBC Advanced Alloys Corp. (TSX-V: IB; OTCQX:IAALF) IBC Advanced Alloys Corp. (OTCQX: IAALF and TSX-V: IB) (“IBC” or the “Company”) is clarifying and restating its November 3, 2014 news release describing IBC’s initiative with Baoshida Swissmetal and Avins to develop and distribute a new alloy. The three companies will each contribute, at their own cost, the time and expenses necessary to bring this alloy to market. IBC does not expect that its development expenses will be material to its results of operations. IBC is retracting any references in the November 3, 2014 news release to estimated revenues. This clarification is being disseminated at the request of the Investment Industry Regulatory Organization of Canada (“IIROC”).
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
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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, limited availability of raw materials, 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 IBC Advanced Alloys Corp.
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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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