Alix Announces $1,000,000 Private Placement
ALIX ANNOUNCES $1,000,000 PRIVATE PLACEMENT
May 26th, 2009, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V)(37N – FRANKFURT) is pleased to announce that it has arranged a non-brokered private placement (the "Private Placement") of up to 20,000,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of up to $1,000,000.
Each Unit consists of one common share (a "Share") and one-half of one common share purchase warrant (a "Warrant"). One whole Warrant entitles the holder to purchase an additional Share at a price of $0.08 per Share for a period of 18 months from the date of issuance.
The proceeds from the Private Placement will be used for this summer’s work programs and general working capital.
A finder's fee may be payable on the Private Placement.
The private placement is subject to the acceptance for filing of the TSX Venture Exchange.
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.