IBC Advanced Alloys Corp. (TSXV:IB,OTCQX:IAALF) closed the first tranched of the brokered privace placement that was announced on January 28, 2013. 16,089,764 units have been issued for total proceeds of $1,930,772.

As quoted in the press release:

Each Unit consists of one common share and one share purchase warrant (“Warrant”) with each Warrant having an exercise price of $0.18 until February 28, 2015.

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