|By Marketwired .||
|December 20, 2013 04:30 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/20/13 -- 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.