IBC Advanced Alloys Announces Issuance of Share-Based Compensation to Directors and Officers

Rhea-AI Summary

IBC Advanced Alloys Corp. (IB or IBC) issued 3,200,000 common shares to its directors for services rendered from July 2021 to June 2023. The shares are subject to a hold period and were approved by the TSX-V. This move aligns with TSX-V policies and may indicate a positive outlook for the company's future.

Positive

• The issuance of common shares demonstrates the company's commitment to compensating its directors for their services, potentially boosting morale and retention.
• The approval by the TSX-V indicates compliance with regulatory standards, fostering investor confidence in the company's governance and operations.

Negative

• None.

FRANKLIN, IN / ACCESSWIRE / July 19, 2023 / IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSXV:IB)(OTCQB:IAALF) announces that, further to a press release dated June 23, 2023, the Company has issued 3,200,000 common shares in the capital of the Company to its directors in consideration for their services to the Company for the period from July 2021 through June 2023. The shares will be subject to a four-month-and-one-day hold period from the date of issuance.

The issuance of common shares was approved by the TSX Venture Exchange (the "TSX-V") on July 14, 2023.

The Company may issue additional common shares in the future to settle compensation under certain compensation, consulting, and employment arrangements in accordance with TSX-V policies.

# # #

On Behalf of the Board of Directors:

"Mark Smith"
Mark Smith, CEO & Chairman

Contacts:

Mark A. Smith, CEO & Chairman
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jsims@policycom.com

Website: www.ibcadvancedalloys.com

@IBCAdvanced $IB $IAALF #Beryllium #Beralcast #Copper #copperalloys

About IBC Advanced Alloys Corp.

IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Alloys Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast^® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana and Massachusetts. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".

CAUTIONARY STATEMENTS

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.

Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the issuance of common shares. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

Please see "Risks Factors" in our Annual Information Form available under the Company's profile at www.sedar.com, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

SOURCE: IBC Advanced Alloys Corp.

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FAQ

What is the PR about for IBC Advanced Alloys Corp. (IB or IBC)?

The PR announces the issuance of 3,200,000 common shares to its directors for services rendered from July 2021 to June 2023.

What is the significance of the issuance of common shares?

The issuance demonstrates the company's commitment to compensating its directors for their services, potentially boosting morale and retention.

Why is the approval by the TSX-V important?

The approval indicates compliance with regulatory standards, fostering investor confidence in the company's governance and operations.