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

News Release

Alix Announces Private Placement

ALIX ANNOUNCES PRIVATE PLACEMENT

April 16, 2008, VANCOUVER, B.C.ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N – FRANKFURT) announces today that it has arranged a nonbrokered private placement of up to 3 million non flow-through units at a price of $0.20 and up to 1.5 million flow-through units at $0.30 totaling 1,050,000 dollars. Each non flow-through unit comprises one common share of the company and one-half common share purchase warrant entitling the holder to purchase one common share at $0.30 for a period of 12 months after the closing date. Each flow-through unit comprises one common share of the company and one-half common share purchase warrant entitling the holder to purchase one common share at $0.30 for a period of 12 months after the closing date. Proceeds will be used for various drilling programs on properties held by the Company plus general working capital.

Finder’s fees may be paid of up to 10 per cent of the gross proceeds raised under their respective portion of the private placement. In addition, agents may receive compensation warrants exercisable for common shares of the corporation equal in number up to 10 per cent of the number of units sold under its portion of the private placement. The compensation warrants will be exercisable for a period of one year from the date of closing, at a purchase price of 25 cents per share. All finders' fees or commissions will be payable in accordance with the policies of the TSX Venture Exchange.

The private placement is subject to approval by the TSX-V. The securities issued will be subject to a hold period of four months plus one day from the closing date of the financing.

For further information we invite you to visit us at www.alixresources.com.

Alix is a junior mineral exploration company focused on acquiring potential world class properties in North America.

Contact Alix

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