Bourque Industries, Inc. Announces $7.5M Equity Investment From Ironridge Technology Co.

TUCSON, Ariz., June 10, 2013

Under the terms of the agreement, Bourque Industries will issue Ironridge restricted convertible preferred stock as funds are drawn down monthly. These are convertible into restricted common stock at a fixed price of $0.04 per share. Ironridge will be unable to convert the preferred shares into common stock for at least 6 months after each issuance. The preferred shares will earn dividends of 8% per year for 18 years, subject to adjustment.

The first Closing occurred June 5, 2013 in which the Company received $55,000. Each subsequent Closing will take place on the first day of each calendar month thereafter or sooner, at the Company's option if certain conditions set forth in the Stock Purchase Agreement are met.  A more detailed description of the private placement is contained in the Company's Supplemental Information Filing with OTC Markets on June 7, 2013, seen here: http://www.otcmarkets.com/financialReportViewer?symbol=BORK&id=106097.  The securities offered in this private placement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration with the U.S. Securities and Exchange Commission or an applicable exemption from such registration requirements. 

"We are extremely impressed with the disruptive potential of the Kryon technology, and are grateful for the opportunity to help facilitate the Company's vision to better protect American military, security and law enforcement personnel," commented John C. Kirkland, Managing Director of Ironridge Global Partners.  "We are very pleased to make this follow-on commitment to Bourque Industries, following our first $778,000 investment in 2012.  We have a great deal of trust and experience with Matt at the helm of multiple public companies.  He and his teams have executed well against their stated plans, and always fully performed as promised."

Matthew Schissler, Chairman commented: "Let this be a clear message to all of our partners, past, current and future that the Bourque Industries ship is turning. We have the necessary respected financial partner and firepower in Ironridge Global to complete on what we set out to do. Having secured this funding is a major milestone for Bourque Industries, one that I personally take with tremendous gratitude towards their willingness to continue to partner with our organization."

About Bourque Industries

Bourque Industries, Inc. is an advanced materials science company that develops and produces metal alloys and related product applications using our revolutionary metal-alloying process, Kryron. Kryronized alloys have shown global potential for paradigm-shifting applications across a wide range of industries, including ballistic armor, electrical, aviation, automotive, mining, medical devices, agriculture and heavy equipment, consumer electronics, and more.  Our fundamental goal is to establish broad market penetration across a wide range of industries.  Please visit www.bourqueindustries.com.