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EX-99 - NEWS RELEASE - INTERNATIONAL BARRIER TECHNOLOGY INCex99.htm




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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of Earliest Event Reported): December 19, 2011



INTERNATIONAL BARRIER TECHNOLOGY INC.

(Exact Name of Registrant as Specified in its Charter)



British Columbia, Canada

000-20412

N/A

(State or other jurisdiction of incorporation)

(Commission File  Number)

(IRS Employer Identification No.)


750 West Pender Street, #604

Vancouver, British Columbia, Canada

 

V6C 2T7

(Address of principal executive offices)

 

(Zip Code)


Registrant's telephone number, including area code:  604-689-0188


N/A

(Former Name or Former Address if Changed Since Last Report)



Check the appropriate box below if the Form 8K fining is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


[  ]

Written communications pursuant to Rule 425 under the Securities Act (17CFR230.425)

[  ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)

[  ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]

Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




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Item 7.01  FD Disclosure.


December 19, 2011 Watkins, MN – International Barrier Technology Inc. (TSXV: IBH; OTCBB: IBTGF) is pleased to announce a private placement pursuant to which lenders will loan up to $500,000 to the Company in consideration for convertible debentures.  The loan has a 5 year term and interest is payable annually at a rate of 12% per annum.


Each convertible debenture is convertible into a unit of the Company at a price of $0.06 per unit.  Each Unit will consist of one common share and one common share purchase warrant of the Company.  Each warrant will entitle the holder to purchase one additional common share of the Company for a period of 2 years from the date of conversion at a price of $0.06 per share.  The convertible debenture is secured as a third charge on the plant and equipment that the Company owns in Watkins and as a charge against the Company's patents.


The Company expects directors to participate in the private placement for total proceeds of at minimum $200,000. Net proceeds from the private placement will be used to fund manufacturing capital improvements and research and development, as well as for general working capital.  The private placement is subject to TSX Venture Exchange acceptance.


Refer to Exhibit #99.1 for additional information.


In accordance with General Instruction B.2 of Form 8-K, the information in this report, including the exhibits attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“the Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:


99.1  December 19, 2011 Press Release



SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: December 19, 2011


International Barrier Technologies Inc.

(Registrant)


/s/ Michael Huddy                                              

(Signature)

(Michael Huddy, President/CEO/Director)



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