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Symbol
AIX
Latest
$0.03 -0.01
Volume
2,200
Quote Delayed
Up To 15 Minutes

News Release

ALIX INCREASES FINANCING

March 30th, 2016, Vancouver, BC, Canada – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces that it is increasing the non-brokered private placement announced on February 10th, 2016 from four million units ("Units") to ten million units at a price of $0.05 per Unit for aggregate gross proceeds of $500,000 (the "Offering").  Each Unit will be comprised of one common share ("Share") and one Share purchase warrant of the Company (a "Warrant").  Each Warrant entitles the holder to purchase an additional Share at a price of $0.075 per Share for a period of 12 months. Proceeds from the Offering will be used for general working capital and to advance the Company’s Lithium concessions located in Sonora, Mexico.

Finder's fees will be payable on the private placement, subject to the policies of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

Michael England” 
Michael England, President, CEO, Director

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
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.

Contact Alix

Local
604-683-3995
Toll-Free
1-888-945-4770
Fax
604-683-3988
Email
info@alixresources.com