Alix Reprices Options
ALIX REPRICES OPTIONS
February 24th, 2009, VANCOUVER, B.C. – ALIX RESOURCES CORP. (AIX-TSX:V) announces that it intends to reduce the exercise price of 2,495,000 incentive stock options (with exercise prices ranging between $0.20 per common share to $0.40 per common share) to an exercise price of $0.10 per share. The repricing of the stock options is subject to TSX Venture Exchange acceptance, as well as, in the case of insiders of the Company, the approval of disinterested shareholders. The Company intends to seek such disinterested shareholder approval for the amendment to insider options at its next annual general meeting currently scheduled to take place during the summer of 2009. There has been no change to the expiry dates of the options
Alix Resources is a junior exploration companies actively seeking mineral and energy opportunities for the benefit of all our stakeholders.
ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, President
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