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April 11th, 2016, Vancouver, BC, Canada – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce that, further to its news releases dated February 10th, 2016 and March 30, 2016, the Company has completed its non-brokered private placement of 10,304,000 units (the “NFT Units”) at a price of $0.05 per Unit for an aggregate gross proceeds of $515,200 (the "Offering").
Each Unit is comprised of one common share (a "Share") and one Share purchase warrant (a "Warrant") of the Company. Each Warrant will entitle the holder to purchase one Share (a “Warrant Share”) at a price of $0.075 per Warrant Share until April 8, 2017.
All securities issued pursuant to the closing of the NFT Units are subject to a hold period expiring on August 9, 2016.
The Company paid cash commissions to the finders totaling $22,041.21 and issued 440,000 finders warrants exercisable for 12 months at $0.075.
Alix Resources is a junior mining exploration company focussed on seeking and acquiring world class lithium projects globally. The Electra lithium project located in Sonora, Mexico which adjoins, and is on trend with, the Sonora lithium project being developed by Bacanora Minerals Ltd(TSXV:BCN) is the flagship property. Alix continues to evaluate suitable prospects that fit the mandate of the Company.
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.