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  • TSX-V ILI | OTCQB ARXRF | FRANKFURT 37NN
  • Last 0.055
  • Volume 45,000
  • Past News

    ALIX ANNOUNCES CLOSING OF OVER-SUBSCRIBED PRIVATE PLACEMENT

    April 27th, 2011, VANCOUVER, B.C.– ALIX RESOURCES CORP. (“Alix” or the “Company”)(AIX-TSX:V)(37N – FRANKFURT) announces the closing of its private placement (the "Private Placement") announced in its news release dated April 13th, 2011 and subsequent news release dated April 15th, 2011.   Pursuant to the Private Placement, the Company issued 6,900,000 units (the "Units") at a price of $0.25 per Unit for gross proceeds of $1,725,000.  Each Unit is comprised of one common share (a "Share") of the Company and one common share purchase warrant (a "Warrant").  Each warrant entitles the holder to purchase an additional share at a price of $0.30 per share for the first 12 months and $0.35 per share for the following 12 months from the date of issuance.

    The Company is pleased to announce that Strategic Metals Ltd. (SMD-TSX:V)  has continued  to maintain its interest in the Company (see NR January 31, 2011) by purchasing 400,000 units of this private placement.

    Finders fees of $15,600 plus 64,400 broker warrants were issued in accordance with the policies of the TSX Venture Exchange.  Each broker warrant entitles the holder to purchase an additional share at a price of $0.30 per share for the first 12 months and $0.35 per share for the following 12 months from the date of issuance.

    All securities issued pursuant to the private placement are subject to a hold period expiring on August 22nd, 2011.

    The proceeds from the private placement will be used for the Company’s Alaskan Golden Zone project this summer as well as for general working capital.

    Alix Resources is a junior exploration company actively seeking base and precious metal venture opportunities for the benefit of all of its stakeholders.

    ON BEHALF OF THE BOARD

    Michael England, President

    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.

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