FRANKLIN, Ind., Dec. 21, 2018 (GLOBE NEWSWIRE) -- IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces the details of the voting results from the election of directors at its 2018 Annual General and Special Meeting, held on December 20, 2018 in Franklin, IN.
By resolution passed via ballot, the five nominees referenced below were re-appointed as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed. The results of the ballot were as follows:
| Name of Nominee | Votes For | Percent | Votes Withheld | Percent | ||
| David Heinz | 6,212,602 | 91.80% | 563,463 | 8.20% | ||
| Simon Anderson | 6,728,878 | 99.31% | 47,187 | 0.69% | ||
| Geoff Hampson | 6,736,604 | 99.34% | 39,461 | 0.66% | ||
| Mark A. Smith | 6,730,887 | 99.43% | 45,178 | 0.57% | ||
| Mike Jarvis | 6,421,825 | 94.85% | 354,240 | 5.15% |
Shareholders also voted to approve the following: re-appointment of BDO USA, LLP as auditors of the Company; a 2018 Stock Option Plan; the Company’s Share Unit Plan, and; an amendment to the Company’s articles of incorporation to allow delivery of information by electronic means and other means permitted by applicable securities laws, for example, via Notice-and-Access, for all shareholders.
For more information on IBC and its innovative alloy products, go here.
On Behalf of the Board of Directors:
"Duncan Heinz”
David “Duncan” Heinz, President, CEO and Director
Contacts:
David Heinz, President and CEO
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jsims@policycom.com
Website: www.ibcadvancedalloys.com
@IBCAdvanced $IB $IAALF #Beryllium #Beralcast
About IBC Advanced Alloys Corp.
IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Alloys Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana, Massachusetts, Pennsylvania, and Missouri. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.