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IBC Advanced Alloys Corp. (TSXV:IB,OTCQX:IAALF) reported that while it is not generally possible to ascribe changes in market value to specific trades, the Company has learned that a former shareholder, Firebird Global Master Fund Ltd., recently sold its investment in IBC, which may have increased the supply of shares beyond what the market could absorb in the normal course.
On July 2, 2013, the Company reported that it was “aware that there has been a recent increase in trading activity of the Company’s shares and a decline in its stock price” but was “not aware of any adverse material changes in the operations of, or prospects for, the Company that would explain this activity.”
… In a news release dated July 11, 2013, Firebird Global Master Fund II Ltd. reported that Firebird Fund Firebird Global Master Fund Ltd., held 4,405,814 common shares representing 11.36% of IBC’s outstanding shares in January 2013. The news release went on to report that Firebird Global Master Fund Ltd. “sold all of the common shares it held in the share capital of [IBC] on the TSX Venture Exchange at an average price of $0.0477 per share.”
Click here to read the IBC Advanced Alloys Corp. (TSXV:IB,OTCQX:IAALF) press release
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