Vancouver, BC, January 26, 2015. IBC Advanced Alloys Corp. (OTCQX: IAALF and TSX-V: IB;) (“IBC” or the “Company”) has received conditional acceptance from the TSX Venture Exchange (“TSX-V”) to amend the terms of warrants issued pursuant to a private placement announced on January 28, 2013. The Company has requested that the expiry dates for 15,166,997 outstanding $0.18 financing warrants issued on February 28, 2013 and May 13, 2013 be extended to February 28, 2016.
These warrants are governed by a warrant indenture, which appointed Computershare Trust Company of Canada as agent (the “Warrant Agent”). The Warrant Agent will provide registered holders of the warrants a form of notice advising of this change. Approval of the extension is subject to (1) final TSX-V approval and (2) the Company and the Warrant Agent not receiving on or before February 12, 2015 any dissents to the amendment from holders of warrants that exercised their warrants after July 21, 2014 .
All other terms of the $0.18 financing warrants, including the exercise price remain the same.
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 |
|
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.
To view past news releases go here.
