IBC Advanced Alloys Extends Maturity Dates of Credit Facilities with Chairman and CEO Mark Smith.

IBC Advanced Alloys has amended two existing credit facilities with Chairman and CEO Mark Smith, extending maturity dates to June 30, 2025, and revising repayment obligations. The amendments are subject to TSX Venture Exchange approval and constitute related party transactions under MI 61-101. The company has also granted Smith information rights, registration rights, and the right to participate in future financings.

IBC Advanced Alloys (IB) (TSX-V: IB; OTCQB: IAALF), a leading advanced copper alloys manufacturer, has recently announced the amendment of two existing credit facilities with its Chairman and CEO, Mark Smith [1]. The modifications, which extend the maturity dates to June 30, 2025, and revise monthly repayment obligations, are subject to TSX Venture Exchange (TSX-V) approval and involve a related party transaction under Multilateral Instrument 61-101 (MI 61-101) [1].

The extended credit facilities represent a strategic move for IBC to secure financial flexibility, enabling the company to navigate potential market fluctuations and capitalize on growth opportunities. The amendments also grant Smith certain information rights, registration rights, and the right to participate in future financings [1].

While related party transactions can raise concerns, the company emphasizes that these transactions are on reasonable commercial terms and not convertible into or repayable in equity or voting securities of IBC [1]. They are exempt from formal valuation and minority shareholder approval requirements under MI 61-101, as IBC is not listed on the specified markets [1].

IBC's advanced copper alloys cater to various industries, including defense, aerospace, automotive, telecommunications, and precision manufacturing [1]. The company's vertically integrated production facility in Franklin, Indiana, manufactures and distributes a range of copper alloys as castings and forgings, such as beryllium copper, chrome copper, and aluminum bronze [1].

For more information on IBC Advanced Alloys and its innovative alloy products, visit their website at [www.ibcadvancedalloys.com](http://www.ibcadvancedalloys.com).

References:
[1] IBC Advanced Alloys. (2025, January 2). IBC Advanced Alloys Announces Amendment of Existing Credit Facilities. Retrieved from https://ibcadvancedalloys.com/ibc-advanced-alloys-announces-amendment-of-existing-credit-facilities/