Firebird Global Master Fund II, ltd. and its joint actor disclose their position in IBC Advanced Alloys Corp.
CAYMAN ISLANDS, July 11, 2013 /CNW Telbec/ - Firebird Global Master Fund
II, Ltd. ("FGMF2") announces that it inadvertently omitted to file an alternative
monthly report following its disposition in the month of January 2013
of an aggregate of 2,422,705 common shares held in the share capital of
IBC Advanced Alloys Corp. (TSX-V - IB) (the "Issuer"). Said common shares were sold on the TSX Venture Exchange. Out of the
2,422,705 common shares, 2,205,500 common shares were sold on January
10, 2013 at an average price of $0.2256 per share and 217,205 common
shares were sold on January 15, 2013 at an average price of $0.2383 per
share. Immediately after these dispositions, (i) FGMF2 no longer held
any securities of the Issuer and (ii) the aggregate number of
securities of the Issuer held by Firebird Global Master Fund, Ltd. ("FGMF"), a joint actor of FGMF2, was 4,405,814 common shares and 463,000
warrants to acquire the same number of common shares in the share
capital of the Issuer representing approximately 11.36% of the then
outstanding common shares of the Issuer, including the common shares
deemed to be acquired pursuant to the exercise of such warrants.
With these dispositions, FGMF2's and FGMF's securityholding percentage
in the Issuer decreased by 5.65%.
Since the above-mentioned dispositions, (i) 463,000 warrants to acquire
the same number of common shares in the share capital of the Issuer
held by FGMF have expired without being exercised and (ii) FGMF has
sold all of the common shares it held in the share capital of the
Issuer on the TSX Venture Exchange at an average price of $0.0477 per
FGMF2 reports that currently neither FGMF2 nor FGMF hold any securities
in the share capital of the Issuer.
The securities were disposed of for investment purposes.
No other joint actor of FGMF2 currently holds any securities of the
This press release is being issued in order to comply with the
disclosure requirements under applicable securities legislation. This
press release is not an admission that FGMF2 owns or controls any
described securities or is a joint actor with anyone else.
SOURCE: FIREBIRD GLOBAL MASTER FUND II, LTD.
or to obtain a copy the report, contact:
Mr. James Passin, Director
Firebird Global Master Fund, Ltd.
Copyright CNW Group 2013