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Symbol
AIX
Latest
$0.03 +0.00
Volume
2,200
Quote Delayed
Up To 15 Minutes

News Release

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
 
For further information we invite you to visit us at www.alixresources.com.
 
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
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

 
The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

Contact Alix

Local
604-683-3995
Toll-Free
1-888-945-4770
Fax
604-683-3988
Email
info@alixresources.com