IBC Advanced Alloys Grants Incentive Stock Options
December 20 2013 - 4:30PM
Marketwired
IBC Advanced Alloys Grants Incentive Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 20, 2013) - IBC
Advanced Alloys Corp. (TSX-VENTURE:IB)(OTCQX:IAALF) ("IBC" or the
"Company") has granted incentive stock options to directors and
officers of the Company, as well as to senior management and
certain key employees, consultants and an IR provider of IBC and
its wholly owned operating subsidiaries, for the option to purchase
an aggregate of up to 1,955,000 common shares of the Company.
Insiders of the Company were granted 1,015,000 options.
The options granted to directors, officers, employees and
consultants have an exercise price of C$0.14 each, are exercisable
until December 17, 2018 and vest in stages over a three-year
period. The options granted to insiders, as defined under the rules
of the TSX Venture Exchange, will not vest until the Company has
received the approval of disinterested shareholders.
As part of this option grant, the Company has granted incentive
stock options to the Howard Group, an IR provider, subject to
regulatory approval, for the option to purchase an aggregate total
of 400,000 common shares of IBC at a purchase price of $0.14 per
share. These options vest in equal amounts at the rate of 25% per
quarter and have a three-year term.
The options are being granted pursuant to the terms of the
Company's 2012 amended stock option plan and are subject to TSX
Venture Exchange policies and approval.
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".
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.
IBC Advanced Alloys Corp.Ian TootillDirector of Corporate
Communications(604) 685-6263 ext
110itootill@ibcadvancedalloys.comwww.ibcadvancedalloys.com
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