|IBC Advanced Alloys Corp.
TSX VENTURE : IB
June 28, 2016 15:09 ET
VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 28, 2016) – IBC Advanced Alloys Corp. (TSX VENTURE:IB) (OTCQB:IAALF) (“IBC” or the “Company”) has granted incentive stock options to directors and officers of the Company, as well as to senior management and key employees of its wholly owned operating subsidiaries, to purchase up to 741,500 common shares of the Company. Directors and officers were granted 603,000 options.
The options have an exercise price of C$0.77, are exercisable until June 27, 2021 and vest over three years. The options are being granted pursuant to the terms of the Company’s 2015 stock option plan and the policies of the TSX Venture Exchange.
About IBC Advanced Alloys Corp.
IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC’s Copper Alloys division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC’s 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. IBC has production facilities in Indiana, Massachusetts, Pennsylvania, and Missouri. The Company’s common shares are traded on the TSX Venture Exchange under the symbol “IB” and the OTCQB under the symbol “IAALF”.
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.