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News Release

Alix Announces Closing Of First Tranche Of Private Placement

ALIX ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT
 
October 21st, 2009, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V)(37N – FRANKFURT) is pleased to announce the closing of the first tranche of its private placement (the "Private Placement") announced in a news release dated September 28, 2009. Pursuant to the Private Placement, the Company issued 6,265,000 units (the "Units") at a price of $0.06 per Unit for gross proceeds of $375,900. 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 two years from the date of issuance at a price of $0.08 per Share in the first year and at a price of $0.10 per Share in the second year.
 
Finder’s fees consisting of 385,000 broker warrants (the "Broker Warrants"), 35,000 agent's warrants (the "Agent's Warrants") and $31,200 in cash were paid in accordance with the policies of the TSX Venture Exchange. Each Broker and Agent's Warrant will entitle the holder to purchase one Share of the Company for a period of two years from the date of issuance at a price of $0.08 per Share in the first year and at a price of $0.10 per Share in the second year.
 
All securities issued pursuant to the private placement are subject to a hold period expiring on February 17, 2010.
 
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