VANCOUVER, BC – International Beryllium Corporation (TSX-V: IB) — International Beryllium Corporation (“IBC”) has signed a letter of intent to acquire all of the shares of a beryllium manufacturer in an arm’s length, cash-only transaction. A finder’s fee is payable to an arm’s length party, with the terms currently under negotiation. Completion of the proposed transaction is subject to several conditions including customary due diligence and approval by the boards of directors of IBC and the target company; shareholders of the target company; and the TSX Venture Exchange. There can be no assurance that the transaction will be completed as proposed or at all.
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.
About International Beryllium Corporation
The objective of International Beryllium Corporation is to become a premier vertically integrated beryllium manufacturing and distribution company serving the global beryllium markets.
International Beryllium Corporation
Anthony G. Dutton, CEO
(604) 689-1515 ext 111
Email: [email protected]
Website: www.internationalberyllium.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.
Legal Notice Regarding Forward Looking Statements
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 operations and mineral exploration, therefore the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. 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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