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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): October 9, 2013



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.


October 9, 2013 – Watkins, MN - International Barrier Technology Inc. (“Barrier”) (IBTGF: OTCBB; IBH: TSXV) is pleased to announce it has granted a license for the manufacture and distribution of Pyrotite® products in the European Union and Russia.  Barrier currently manufactures its fire resistant building materials in the United States.  


Pursuant to the terms of the license agreement, Barrier will provide technical assistance in: the design of the licensee’s first manufacturing line; the transfer of production process technology, together with associated trade secrets and know-how; and, materials acquisition criteria for such a production facility.  The license agreement provides for the payment to Barrier by the Licensee of a minimum annual royalty during the term of the agreement with an advance royalty payment on execution.  The agreement contemplates the Licensee developing additional production facilities over the term of the license and making additional royalty payments to Barrier based on these plants production.   


The license agreement follows standard licensing protocol, which allows for the audit of the manufacturing process and financial revenue information.


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  October 9, 2013 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: October 9, 2013


International Barrier Technologies Inc.

(Registrant)


/s/ Michael Huddy                                              

(Signature)

(Michael Huddy, President/CEO/Director)




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