IBC Advanced Alloys Provides Financial Update - Seite 2

Cautionary Statements

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.

Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, a potential event of default under the Indentures, the Company's ability to pay principal on the Debentures by the Maturity Date, the satisfactory completion of due diligence by the potential lender, the negotiation and settlement of final terms and the execution of definitive documentation for the potential financing, the completion of conditions to the potential financing, the loan proceeds of the proposed financing providing funding in excess of the amount required to pay the principal on the Debentures, and the potential of the Company to find other short term financing alternatives and obtain a temporary waiver from Debenture holders. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the risk that the Company may not be able to make sufficient payments to retire its debt, including the Debentures, which may make the Company insolvent, the potential lender not moving beyond the due diligence stage, the parties being unable to agree to the final terms of the proposed financing, the risk that conditions to completion of the proposed financing will not be satisfied, the risk that an event, change or other circumstance may occur that could give rise to the termination of the transaction, the receipt of required regulatory approvals, the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances, including, among others, assumptions about the completion of satisfactory due diligence by the potential lender, the ability and willingness of the parties to negotiate and settle the final terms of the potential financing, that the additional proceeds in the proposed financing will provide for funding in excess of the principal on the Debentures, that financing can be secured on reasonable terms and within a reasonable timeframe, that conditions to closing will be satisfied, that the Company will obtain approval of a proposed financing from the TSX Venture Exchange, and that the Company will obtain the requisite number of signatures from Debenture holders required for a waiver.