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

News Release

Alix Announces Closing Of Private Placement

ALIX ANNOUNCES CLOSING OF PRIVATE PLACEMENT
 
June 22nd, 2009, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V)(37N – FRANKFURT) is pleased to announce the closing of its private placement (the "Private Placement") disclosed in news releases dated May 26 and June 12, 2009. Pursuant to the Private Placement, the Company issued 14,341,480 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $717,074. Each Unit is comprised of one common share (a "Share") of the Company and one half of one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Share of the Company at a price of $0.08 per Share until June 16, 2010 and at a price of $0.10 per Share from June 17, 2010 until December 16, 2010.
 
Finders fees consisting of 1,092,000 broker warrants (the "Broker Warrants") and $54,600 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 $0.08 per Share until June 16, 2010 and at a price of $0.10 per Share from June 17, 2010 until December 16, 2010.
 
All securities issued pursuant to the private placement are subject to a hold period expiring on October 17, 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:
Telephone: 1-604-683-3995
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.

 

Contact Alix

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