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February 24, 2012, VANCOUVER, B.C.– ALIX RESOURCES CORP. (“Alix” or the “Company”)(AIX-TSX:V)(37N – FRANKFURT) is pleased to announce it has increased its private placement previously announced on February 6, 2012, such that the Company will now offer up to 8,490,000 units (previously 6,000,000 units) at $0.09 per unit, to raise proceeds of up to $764,100 (previously $540,000).
All other terms of the private placement remain the same. Each unit is comprised of one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant entitling the holder thereof to purchase an additional common share at a price of $0.12 per share for a period of 18 months from the closing date
Alix Resources is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. For further information we invite you to visit us at www.alixresources.com.
ON BEHALF OF THE BOARD
Michael England, President, CEO, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Toll Free: 1-888-945-4770
Neither the 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.