Alix Announces Closing Of Second Tranche Of Private Placement
ALIX ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT
January 5, 2009, VANCOUVER, B.C. –ALIX RESOURCES CORP. (“Alix” or the Company”) (AIXTSX:V)(37N –FRANKFURT) is pleased to announce the closing of the second tranche of its private placement (the "Private Placement") announced in news releases dated September 26 and November 14, 2008. Pursuant to the second tranche of the Private Placement, the Company issued 3,797,500 units (the "Units") at a price of $0.08 per Unit for gross proceeds of $303,800. Each Unit is comprised of one flowthrough common share (a "Share") of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one non flow-through Share of the Company at a price of $0.10 per Share for a period of two years from the date of issuance.
Finder’s fees consisting of 379,750 broker warrants (the "Broker Warrants") and $30,380 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 at a price of $0.10 per Share year for a period of two years from the date of issuance.
All securities issued pursuant to the private placement are subject to a hold period expiring on April 23, 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.