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November 21st, 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 release dated November 3rd, 2016, the Company has completed its non-brokered non-flow through private placement of 4,000,000 units (the “Units”) at a price of $0.06 per Unit for aggregate gross proceeds of $240,000 (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 $0.10 per Warrant Share until November 21, 2018.
All securities issued pursuant to the closing of the NFT Units are subject to a hold period expiring on March 22, 2017.
About Alix Resources:
Alix Resources is a junior mineral exploration company focused on seeking and acquiring lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company. The Company now has active lithium projects in Quebec, Mexico and Ontario.
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.