Ibc Advanced Alloys Corp V.IB

Alternate Symbol(s): IAALF

Metals & Mining Industrial Metals & Minerals

IBC Advanced Alloys Corp. is a beryllium and copper advanced alloys company. The Company serves various industries, such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. The Company has two divisions: Copper Alloy and Engineered Materials. The Copper Alloys division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. The Engineered Materials division makes the Beralcast family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. The Company’s products include Beryllium-Aluminum Castings, Beryllium Alloys, Copper Alloy Castings & Forgings, Copper Alloy Fabricated Shapes, Tolling Services and Consulting and Thermal Mold Super. It has production facilities in Indiana and Massachusetts.

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Ibc Advanced Alloys Corp

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Post by Brouwieon Mar 07, 2014 9:24am

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Post# 22293610

HG

Strong Demand Drives IBC Private Placement

TSX-V:IB

OTCQX:IAALF

It was less than 48 hours ago that IBC Advanced Alloys announced a $1.5 million non-brokered private placement. Prior to market open this morning, the news hit that the financing had been increased, by almost double, to $2.7m due to demand. This can only be read in an extremely positive light.

It’s not a stretch to believe that the market has embraced IBC’s potential, especially as it relates to the “Engineered Materials” division. The mid-February news of a tooling contract with Lockheed Martin for the F-35 Lightning II jet fighter has clearly increased future growth expectations based on the IBC’s proprietary Beralcast® technology. Click here for the February 17th blog.

The Company will issue up to 15 million units containing an $0.18 common share and one-half of a common share purchase warrant. Each full warrant is exercisable for two years at $0.24.

The offering will officially close after Wednesday, March 12, 2014.

To view the news release, please click here.

Shares Outstanding: 62.2 million
Shares Fully Diluted: 85.6 million