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To: TheSlowLane who wrote (81962)	5/31/2011 6:03:12 PM
From: Rocket Red	Read Replies (1) of 233869

IBC files prospectus for $7-million unit financing 2011-05-31 17:57 ET - News Release Shares issued 192,191,321 IB Close 2011-05-30 C$ 0.26 Mr. Ian Tootill reports IBC ADVANCED ALLOYS CORP. FILES PRELIMINARY SHORT FORM PROSPECTUS FOR A UNIT FINANCING OF UP TO $7 MILLION IBC Advanced Alloys Corp. has filed a preliminary short-form prospectus with the securities regulatory authorities in all of the provinces of Canada, except for the province of Quebec, in connection with a best-efforts offering of units of IBC for gross proceeds of a minimum of $4-million and up to a maximum of $7-million. Euro Pacific Canada Inc. will lead the offering with a syndicate of agents that includes Raymond James Ltd. IBC has granted the agents an overallotment option to sell up to an additional 15 per cent of the offering on the same terms and conditions, exercisable at any time following the closing of the offering for a period of 30 days. Each unit will consist of one common share of IBC and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of IBC for a period of 24 months following the date of closing of the offering. Final pricing and the determination of the number of units to be sold pursuant to the offering will be determined in the context of the market and will occur immediately prior to the filing of the final short-form prospectus in respect of the offering. The net proceeds from the offering will be used to further expand IBC's Engineered Materials operations (formerly Beralcast Corporation) acquired in 2010; update Copper Alloys equipment and facilities; finance new business development initiatives; undertake the next phase of the company's nuclear fuels research initiative; for exploration and maintenance of the company's Juab county, Utah, mineral property, including a summer 2011 drill program in Utah; and for general working capital purposes. The offering is subject to certain conditions including, but not limited to, the execution of a definitive agency agreement with the agents and the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. We seek Safe Harbor.

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