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Alix Announces Closing of First Tranche of Private PlacementALIX ANNOUNCES CLOSING OF
FIRST TRANCHE OF PRIVATE PLACEMENT
January 5, 2010, 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 news releases dated November 24 and December 23, 2009. Pursuant to the Private Placement, the Company issued 1,670,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $83,500. 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 for a period of 18 months from the date of issuance at a price of $0.10 per Share.
Finder's fees consisting of 142,000 broker warrants (the "Broker Warrants") and $7,100 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 May 1, 2010.
Alix Resources is a junior exploration company 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
Michael England, President
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.