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PRIVATE PLACEMENT ANNOUNCED
July 11, 2008, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N – FRANKFURT) is pleased to announce that it has arranged a non-brokered private placement of 900,000 flow-through units at a price of $0.45 per unit for gross proceeds of $405,000.00.
Each flow-through unit comprises one flow-through common share and one-half (½) share purchase warrant. One whole share purchase warrant entitles the holder to purchase an additional non-flow-through common share for $0.50 for a period of 18 months from the date of issuance.
The proceeds from this flow-through private placement will be used to undertake this summer's work programs on the Company’s Canadian properties. A finder’s fee will be payable on the private placement of 10% cash. The private placement is subject to the acceptance for filing of the TSX Venture Exchange.
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.