Alix Announces Closing Of First Tranche Of Private Placement
ALIX ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT
December 10, 2008, VANCOUVER, B.C. –ALIX RESOURCES CORP. (“Alix” or the Company”) (AIX-TSX:V)(37N –FRANKFURT) is pleased to announce the closing of the first tranche of its private placement (the "Private Placement") announced in news releases dated September 26 and November 14, 2008. Pursuant to the Private Placement, the Company issued 4,983,560 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $249,178. Each Unit is comprised of one common share (a "Share") of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Share of the Company for a period of two years from the date of issuance at a price of $0.08 per Share in the first year and at a price of $0.10 per Share in the second year.
Finder’s fees consisting of 400,000 broker warrants (the "Broker Warrants") and $20,000 in cash were paid in accordance with the policies of the TSX Venture Exchange. Each Broker Warrant will entitle the holder to purchase one Share of the Company for a period of two years from the date of issuance at a price of $0.08 per Share in the first year and at a price of $0.10 per Share in the second year.
All securities issued pursuant to the private placement are subject to a hold period expiring on March 27, 2009.
Alix Resources is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all our stakeholders. For further information we invite you to visit us at www.alixresources.com
ON BEHALF OF THE BOARD
Michael England, President
The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.