Alix Announces Closing Of Private Placement
ALIX ANNOUNCES CLOSING OF PRIVATE PLACEMENT
May 12th, 2009, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V)(37N – FRANKFURT)
is pleased to announce the closing of a first tranche of its private placement (the "Private Placement") announced in news releases dated March 26
and April 14, 2009
. Pursuant to the Private Placement, the Company issued 1,850,000 units (the "Units") at a price of $0.08 per Unit for gross proceeds of $148,000. 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 18 months from the date of issuance at a price of $0.10 per Share.
Finders fees consisting of 50,000 broker warrants (the "Broker Warrants") and $4,000 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 18 months from the date of issuance at a price of $0.10 per Share. All securities issued pursuant to the private placement are subject to a hold period expiring on September 5, 2009.
Alix Resources is a junior exploration companies 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
Signed “Michael England”
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Toll Free: 1-888-945-4770
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.