IBC Advanced Alloys Announces Issuance of Share-Based Compensation to Directors and Officers
09 Novembre 2021 - 11:13PM
IBC Advanced Alloys Corp. (“
IBC” or the
“
Company”) (
TSX-V: IB; OTCQB:
IAALF) announced that, further to a press release dated
November 2, 2021, the Company has issued 600,000 common shares in
the capital of the Company to directors in consideration for their
services to the Company for the period from July 2020 through June
2021. The shares will be subject to a four-month-and-one-day hold
period from the date of issuance.
The issuance of common shares was approved by
the TSX Venture Exchange (the “TSX-V”) on November
8, 2020.
The Company may issue additional common shares
in the future to settle compensation under certain compensation,
consulting, and employment arrangements in accordance with TSX-V
policies.
On Behalf of the Board of Directors:
"Mark Smith”
Mark Smith, Chairman
Contact:Mark A. Smith, CEO and
Board ChairmanJim Sims, Director of Investor and Public Relations+1
(303) 503-6203Email: jsims@policycom.com
Website: www.ibcadvancedalloys.com @IBCAdvanced $IB
$IAALF #Beryllium #Beralcast
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's has production facilities in Indiana,
Massachusetts, and Pennsylvania. The Company's common shares are
traded on the TSX Venture Exchange under the symbol "IB" and the
OTCQB under the symbol "IAALF".
CAUTIONARY STATEMENTS
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.
Certain information contained in this news release
may be forward-looking information or forward-looking statements as
defined under applicable securities laws. Forward-looking
information and forward-looking statements are often, but not
always identified by the use of words such as "expect",
"anticipate", "believe", "foresee", "could", "estimate", "goal",
"intend", "plan", "seek", "will", "may" and "should" and similar
expressions or words suggesting future outcomes. This news release
includes forward-looking information and statements pertaining to,
among other things, the issuance of common shares. Forward-looking
statements involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Company's control.
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.
Please see “Risks Factors” in our Annual
Information Form available under the Company’s profile at
www.sedar.com, for information on the risks and uncertainties
associated with our business. Readers should not place undue
reliance on forward- looking information and statements, which
speak only as of the date made. The forward-looking information and
statements contained in this release represent our expectations as
of the date of this release. We disclaim any intention or
obligation or undertaking to update or revise any forward-looking
information or statements whether as a result of new information,
future events or otherwise, except as required under applicable
securities laws.
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