Sign up to receive updates regarding Alix

Thank you for confirming your email - You will now receive updates regarding Alix.

Symbol
AIX
Latest
$
Volume
0
Quote Delayed
Up To 15 Minutes

News Release

ALIX ANNOUNCES CLOSING OF FINAL TRANCHE OF PRIVATE PLACEMENT OFFERING

July 31, 2015, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces that further to its news releases dated April 16 & 28, 2015, May 26, 2015, June 29, 2015 and July 14, 2015, it has completed a third and final tranche of a non-brokered private placement of 11,610,000 units at a price of $0.05 per unit for gross proceeds of $580,500 (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.

For the three tranches the Company paid a cash commission to the finders totaling $31,650 and issued 633,000 finders warrants exercisable for 12 months at $0.05.

The Shares and warrants issued pursuant the third and final tranche of the private placement and any Shares issued on exercise of the warrants are subject to four-month resale restriction that expires on December 1, 2015.

The TSX Venture Exchange has conditionally accepted the private placement.

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:

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