IBC Advanced Alloys (TSE:IB) has released an update.
IBC Advanced Alloys Corp. has issued over 6 million common shares as part of share-based compensation to its directors for their services and as bonus shares to Mark Smith for his credit facility guarantees. These transactions, approved by the TSX Venture Exchange, have resulted in four major shareholders now controlling approximately 26% of the company’s outstanding shares, with Mark Smith’s ownership significantly increasing.
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