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June 29, 2015, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce that further to its news releases dated April 16 & 28, 2015 and May 26, 2015, it has completed the first tranche of a non-brokered private placement of 15 million units at a price of $0.05 per unit for gross proceeds of $750,000 (the “Offering”).
Each unit consists of one common share (the “Shares”) and one Share purchase warrant of the Company. Each warrant will entitle the holder to acquire one Share of the Company at a price of $0.06 per Share for the 60 months from the date of issuance.
Gross proceeds of the first tranche were $523,000.
The Company paid a cash commission to the finders totaling $25,900 and issued 518,000 finders warrants exercisable for 12 months at $0.05.
The Shares and warrants issued pursuant to the private placement and any Shares issued on exercise of the warrants are subject to four-month resale restriction that expires on October 30, 2015.
The TSX Venture Exchange has conditionally accepted the private placement and has granted an extension from the original announced closing date of June 29, 2015 to July 15, 2015.
The proceeds raised will be used for general working capital.
Alix Resources is a junior exploration company actively seeking mineral 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
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.