IBC Advanced Alloys Corp. Increases Previously Announced “Bought Deal” Financing

Critical Metals

IBC Advanced Alloys Corp. (CVE:IB) reported that it has amended the terms of its previously announced bought deal financing with Euro Pacific Canada Inc. to increase the size of the offering from $2.5 million to $3.0 million.

IBC Advanced Alloys Corp. (TSXV:IB) reported that it has amended the terms of its previously announced bought deal financing with Euro Pacific Canada Inc. to increase the size of the offering from $2.5 million to $3.0 million.

The press release is quoted as saying:

Under the amended terms of the offering Euro Pacific Canada has agreed to purchase an additional 2,500,000 equity units (“Equity Units”) at $0.20 per Unit, on a bought deal basis, resulting in an overall offering of (i) 10,000,000 units (the “Unit”) at an issue price of $0.20 per Unit and (ii) 5,000,000 Equity Units at an issue price of $0.20 per Equity Unit for aggregate gross proceeds of $3,000,000 (the “Offering”). The Company has also agreed to a proportional increase in the over-allotment option previously granted to Euro Pacific Canada such that Euro Pacific Canada has an option, exercisable for a period of 30 days following the closing date, to purchase up to an additional 2,250,000 Equity Units to cover over-allotments, if any, and for market stabilization purposes, for additional gross proceeds of $450,000.

Click here to access the entire news release. 

Click here to access IBC Advanced Alloys’ company profile.(TSXV:IB) 

 

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