Alix Commences Ground Program On Prospective Gold Claims Adjacent To Sumitomo's "Pogo" Mine In Alaska
ALIX COMMENCES GROUND PROGRAM ON PROSPECTIVE GOLD CLAIMS ADJACENT TO SUMITOMO’S "POGO" MINE IN ALASKA
August 11th, 2009, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V)(37N – FRANKFURT) announces it has commenced a soil sampling program on its recently acquired Money-Rock gold properties in the Goodpastor Mining District of Alaska. The properties, totaling 1920 acres of State of Alaska mining claims, border claims owned by International Tower Hill Mines plus are adjacent to claims owned by Sumitomo’s Pogo gold mine and approximately 3.0 miles from the Pogo mine portal.
The Company also wishes to announce it has arranged a non-brokered private placement of up to 15 million units at a price of seven cents per unit for gross proceeds of up to $1.05 million.
Each unit consists of one common share and one common share purchase warrant entitling the holder to purchase an additional share at a price of ten cents per share for a period of 24 months from the date of issuance.
The proceeds from the private placement will be used for 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.