On June 23, 2021, IBC Advanced Alloys Corp. (TSXV:IB) closed the transaction. The company issued 10,270,224 for gross proceeds of CAD 2,054,044.8. The units will expire until June 23, 2023. The transaction included participation from Mark Smith, Geoff Hampson and Simon Anderson, directors of the Company subscribe for 2,623,324 units in total, and Mark A. Smith subscribe for 2,248,324 units for CAD 449,664.80. The investor Mark A. Smith owned 10,367,590 Common Shares and 50,000 options and warrants with each Convertible Security entitling the holder to purchase one Common Share. The 10,367,590 Common Shares represented 15.65% of the total number of issued and outstanding Common Shares prior to giving effect to the private placement and now has 12,615,914 Common Shares representing approximately 16.49%. The company has received $636,032 (CAD 781,836) pursuant to exemption provided under Regulation D from 6 investors.