IBC Advanced Alloys Corp. Announces “Bought Deal” Financing

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IBC Advanced Alloys Corp. (CVE:IB) reported that it has entered into a “bought deal” financing with Euro Pacific Canada Inc.

IBC Advanced Alloys Corp. (TSXV:IB) reported that it has entered into a “bought deal” financing with Euro Pacific Canada Inc.

The press release is quoted as saying:

The Units and Equity Units to be issued under the Offering will be offered by way of a short form prospectus in all of the provinces in Canada except Quebec and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.
Each Unit consists of one common share (“Common Share”) in the capital of IBC and one-half of one common share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder to acquire one Common Share at a price of $0.25 for a period of 24 months from the Closing Date.

Click here to access the entire news release.