Beryllium Copper Alloys by IBC Advanced Alloys

 

IBC Advanced Alloys Closes Convertible Note Financing

Published Friday, December 4, 2009

VANCOUVER, BC -- December 4, 2009 - IBC Advanced Alloys Corp. (TSX.V:IB) ("IBC" or the "Company") announces the closing of its C$250,000 convertible promissory note financing with Firebird Global Master Fund II, Ltd. ("Firebird"). The Company granted the promissory note to Firebird, an insider of IBC, on December 1, 2009. The promissory note matures on April 1, 2010 and is convertible into units comprising one IBC common share and one full warrant. The terms and conditions of the note were previously announced in a news release dated November 13, 2009.

The note is subject to restrictions on resale until April 2, 2010 and bears a legend to that effect. If the note is converted before April 2, 2010, the underlying shares and warrants will bear the same legend.

The funds advanced under the note are intended to be used for working capital and general corporate development purposes, until IBC completes its short form prospectus offering for gross proceeds of up to $8,000,000 as announced on November 30. 2009.

About IBC Advanced Alloys Corp.

IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 59 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania, Indiana and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US and Brazil covering approximately 9,500 hectares. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB".

For additional information please contact:

IBC Advanced Alloys Corp.

Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Email: itootill@eragonlatrilogia.com
Website: www.eragonlatrilogia.com