🕐14.12.09 - 15:47 Uhr
IBC Extends Closing of Beralcast Acquisition
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Re: News Release - Monday, December 14, 2009
IBC Extends Closing of Beralcast Acquisition
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VANCOUVER, BC - December 14, 2009 - IBC Advanced Alloys Corp.
(TSX.V:IB) ("IBC" or the "Company") announces that it has extended the
closing date of the previously announced acquisition of Beralcast
Corporation (the "Acquisition").
The originally scheduled closing date
was January 15, 2010, however, IBC and Beralcast have mutually agreed
to extend this date to March 1, 2010 to accommodate unforeseen
administrative delays in connection with the Acquisition as well as
seasonal considerations.
As a result of the extension of the date set for the closing of the
Acquisition, the Company has decided to postpone the date originally
contemplated for the closing of the proposed offering of units of the
Company previously announced in a press release of the Company dated
November 30, 2009 (the "Offering).
A new date of January 29, 2010 is
now being targeted for the closing of the Offering.
A preliminary prospectus containing important information relating to
the securities of the Company being offered for sale pursuant to the
Offering has been filed with securities commissions or similar
authorities in certain jurisdictions of Canada.
The preliminary
prospectus is still subject to completion or amendment.
Copies of the
preliminary prospectus may be obtained from Pope & Company Limited, 15
Duncan Street, Toronto, Ontario M5H 3P9, Telephone: 416-588-6419,
Attention: Russell N.
Starr, Head of Institutional Sales & Trading.
There will not be any sale or any acceptance of an offer to buy the
securities until a receipt for the final prospectus has been issued.
Completion of the Offering remains subject to receipt by the Company of
all necessary regulatory approvals, including that from the TSX Venture
Exchange.
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 60 employees and is
headquartered in Vancouver, Canada with production facilities in
Pennsylvania, Indiana and Missouri.
Additionally, IBC owns prospective
beryllium properties in the Western US and Brazil covering
approximately 9,500 hectares.
IBC is creating a dynamic global
beryllium and advanced alloys company.
IBCs common shares are traded
on the TSX Venture Exchange under the symbol "IB".
For additional information please contact:
IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Email:
Website: www.ibcadvancedalloys.com
This news release was prepared by management of IBC, which takes full
responsibility for its contents.
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 NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S.
WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
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Copyright (c) 2009 IBC ADVANCED ALLOYS CORP (IB) All rights reserved.
For more information visit our website at
http://www.ibcadvancedalloys.com/ or send
mailto:
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