IBC Advanced closes $1.25M (U.S.) financing with Lind

Executive Summary

• IBC Advanced Alloys Corp. has closed on the initial tranche of a convertible security financing agreement with Lind Global Fund III LP, receiving $1.25 million in gross proceeds.
• The company issued an uncertificated convertible security with a principal amount of $1.25 million and an aggregate face value of $1.5 million, along with nearly 4 million common share purchase warrants.
• The net proceeds, after deducting a $62,500 closing fee, will be utilized for working capital and general corporate purposes.

Key Details

• Gross Proceeds: $1,250,000 USD ($1,702,125 CAD).
• Closing Fee: $62,500 USD ($85,106.25 CAD) deducted from the advance.
• Instrument Issued: Uncertificated convertible security with a principal amount of $1,250,000 USD and an aggregate face value of $1,500,000 USD ($2,042,550 CAD).
• Warrants Issued: 3,943,948 common share purchase warrants.
• Warrant Terms: Exercisable for 24 months from the date of issue with an exercise price of 25.26 Canadian cents.
• Use of Proceeds: Working capital and general corporate purposes.
• Regulatory Approval: Conditionally approved by the TSX Venture Exchange on Feb. 17, 2026.
• Hold Period: The securities issued to Lind are subject to a hold period of four months and one day.
• Reference: Further details are available in the company's news release dated Feb. 17, 2026.