UPDATE: IBC Advanced Alloys Loses Early Gains
IBC Advanced Alloys Corp. (IB.V) is now down 0.5 cents at 16 cents having earlier touched a day high 18 cents with 3.5 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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