IBC Advanced Alloys Corp. (TSX.V: IB) (IBC) has closed its short-form prospectus offering of an aggregate of (i) 7,250,000 units (including 2,250,000 units issued pursuant to the exercise in full of the over-allotment option) at an issue price of $0.20 per unit; and (ii) 10,000,000 subscription units at an issue price of $0.20 per subscription unit, on a bought deal basis, for total gross proceeds of $3.45 million.
The underwriters for the transaction were advised by a team of Fasken Martineau lawyers that included, among others, Krisztián Tóth, Alex Nikolic, Kelly McDonough and Thomas Brook (articling student).