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UPDATE: IBC Advanced Alloys up 9% Loses Early Gains

IBC Advanced Alloys Corp. (IB.V) is up 1.5 cents at 17.5 cents and has touched 18.5 cents with 6.2 million shares traded. On September 12, the company said it has been issued a receipt for a preliminary short-form prospectus from the securities regulatory authorities in the provinces of British Columbia and Ontario in connection with a best efforts offering of units of IBC for gross proceeds of a minimum of $5 million and up to a maximum of $8 million. The net proceeds from the Offering will be used to strengthen IBC's balance sheet.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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