03:42 PM EST - IBC Advanced Alloys Corp. : said Monday that it had signed a definitive agreement to buy Beralcast Corp., a private Nashua, New Hampshire-based specialty alloy manufacturing business that owns proprietary and patented technology for a castable beryllium aluminum alloy that is currently used in a wide variety of aerospace and advanced technology applications. IBC will also acquire manufacturing knowhow and equipment, trade rights, marketing and supply agreements and will retain certain key personnel. The purchase consideration is $2.25 million U.S. in cash and a number of common shares of IBC equal to $2.254 million divided by the unit price of the financing undertaken to fund the purchase. IBC Advanced Alloys Corp.
shares V.IB are trading up $0.005 at $0.22.
