11:37 AM EST - IBC Advanced Alloys Corp : has signed a letter of intent to acquire a specialty alloy manufacturing business in an arm's-length transaction. Completion of the proposed transaction is subject to several conditions including customary due diligence, raising sufficient capital to complete the acquisition and certain short-term business objectives, securing raw materials supply and approval by the boards of directors of IBC and the target company, shareholders of the target company and the TSX Venture Exchange. IBC Advanced Alloys Corp.
shares V.IB are trading even at $0.18.
