Mr. Mark Smith reports
IBC ANNOUNCES SHARE-BASED COMPENSATION TO DIRECTORS
IBC Advanced Alloys Corp.'s board of directors has approved the issuance of 705,880 common shares in the capital of the company to its directors in consideration of their service to the company for the period from July, 2024, through June, 2025.
The issuance of the common shares, at a deemed price per common share of 17 cents, being the closing price of the common shares on Oct. 15, 2025, is subject to the approval of the TSX Venture Exchange. The common shares will be subject to a four-month-and-one-day hold period from the date of issuance.
Mark A. Smith, Geoffrey Hampson, Simon Anderson and Michael Jarvis currently hold an aggregate of approximately 27.1 per cent of the issued and outstanding common shares. Each issuance of common shares to the directors constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) and TSX Venture Exchange Policy 5.9 (Protection of Minority Security Holders in Special Transactions). The company is relying on the exemptions from the formal valuation and minority approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the transaction does not exceed 25 per cent of the company's market capitalization.
About IBC Advanced Alloys Corp.
IBC is a leading advanced copper alloy manufacturer serving a variety of industries such as defence, aerospace, automotive, telecommunications, precision manufacturing and others. At its vertically integrated production facility in Franklin, Ind., IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper and aluminum bronze. The company's common shares are traded on the TSX Venture Exchange under the symbol IB and on the OTCQB under the symbol IAALF.
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