IBC Advanced Alloys Corp. (TSXV:IB,OTCQX:IAALF) has put in place a short-term warrant incentive program whereby the exercise prices of 5,164,352 warrants will be reduced to $0.14 from February 8, 2013 to March 8, 2013. At the close of business on March 8, 2013, unexercised warrants will revert to their original terms.
As quoted in the press release:
These warrants were granted in conjunction with financings in June and October 2011 and are otherwise exercisable at $1.50 after adjusting for the Company’s recent share consolidation. In addition, warrant holders who take advantage of this incentive program will receive an additional half-warrant, with each full warrant (an “Incentive Warrant”) exercisable at $0.27 for a term that expires on the expiry date of their original warrants.