IBC Advanced Alloys Corp. announced a major corporate reorganization and capital raise designed to boost production capacity and revenue from its Copper Alloys and Engineered Materials divisions. As part of the Company's reorganization plan, Major General David ‘Duncan' Heinz, IBC's current Chief Operatiing Officer, will take over as the Company's Chief Executive Officer (CEO).

Mr. Anthony Dutton will step down as IBC's CEO and will move to the position of Vice President, Corporate Relations and Special Projects. Further, on closing of the Private Placement, Board Members Alastair Neill and Dal Brynelsen will be resigning and new board members are expected to join the board in their place.